Netherlands Business Confidence June 2020

Netherlands

Netherlands: Business confidence improves in June but remains pessimistic

June 29, 2020

Business confidence came in at minus 15.1 in June, up from May's minus 25.1. While the index remained below both the 0-threshold separating pessimism from optimism among businesses and the long-term average of 0.6 over the last 20 years, the improvement marked the strongest monthly rise in the survey’s history

The uptick was driven by improved views on output expectations and less downbeat attitudes regarding order books. On the other hand, sentiment regarding stocks of finished goods deteriorated somewhat.

Consensus Forecast panelists see fixed investment contracting 7.7% in 2020, which is unchanged from the previous month’s estimate. For 2021, the panel expects fixed investment to increase 3.7%.


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Netherlands Business Confidence June 20 20

Note: Value of producer confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment
Source: Statistics Netherlands (CBS).


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