Netherlands: Business confidence remains high in July despite mild decline
July 28, 2016
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, decreased slightly from June’s 5.4 to 5.1 in July, according to the Central Bureau of Statistics (CBS). The index thus remains comfortably above the 0-point threshold that separates optimistic from pessimistic sentiment, contradicting widespread fears that the Brexit vote would have a pronounced impact on business confidence.
According to the CBS, the deterioration reflected that producers were slightly less positive about all three areas measured in the index: order books, future output and stocks of finished products. In terms of specific sectors, producers of transport equipment were the most negative, while producers in the wood and construction industry remained by far the most optimistic.