Netherlands: Business confidence reaches highest level in over two-and-a-half years
March 25, 2014
The producer confidence indicator, which measures Dutch manufacturers' sentiment, increased to a seasonally-adjusted 1.1 points in March according to the Central Bureau of Statistics (CBS). This figure contrasted the minus 0.1 points recorded in February and marked a return to optimistic territory and the highest value since June 2011. Prior to a brief stint in optimistic territory in December and January, the index rested below the 0 points threshold that separates pessimistic from optimistic sentiment for over two years. According to the CBS, all three components of the indicator improved in March. Compared to February, businesses were less negative regarding order positions and more positive about future output and stocks of finished products. For 2014, FocusEconomics Consensus Forecast panelists see fixed investment growing 3.3%, which is up 0.3 percentage points from last month's forecast. For 2015, the panel expects fixed investment to expand 2.9%.
Author: Armando Ciccarelli, Head of Data Solutions