Netherlands: Business confidence slips in December
December 29, 2017
Confidence in the Dutch manufacturing sector slipped to 8.9 in December, down from the previous month’s multi-year high of 9.1. The indicator remained nonetheless firmly entrenched above the crucial zero-point mark that separates optimism from pessimism among Dutch firms. It was also significantly above the long-term average of 0.7 points over the past two decades.
The decrease in manufacturers’ business sentiment was driven by slightly reduced optimism about future output in the quarter ahead. Firms’ view on order books and stocks of finished products, however, improved somewhat. All subcomponents and subsectors remained in positive territory for the 13th consecutive month. In December, manufacturers in the wood and construction subsector were once again the most optimistic.
Author: Jan Lammersen, Economist