Netherlands: Business confidence picks back up in May
May 27, 2013
The seasonally adjusted producer confidence indicator elaborated by the Central Bureau of Statistics (CBS) improved for the first time in three months in May picking up from minus 5.6 points in April to minus 4.2 points. However, the index still remains well below the 0-point threshold that separates optimistic from pessimistic sentiment, where it has idled since June 2011.
According to the CBS, businesses were notably less pessimistic about both their order position and the stocks of finished products compared to April. Moreover, respondents seemed also more optimistic about their expected output levels over the next three months.
For 2013, the panel sees fixed investment contracting 2.2%, which is down 0.9 percentage points from last month's Consensus. For 2014, the panel expects fixed investment to expand 1.7%.