Netherlands: Business confidence slips in July
July 28, 2017
According to the Central Bureau of Statistics (CBS) Dutch manufacturers’ sentiment, which is measured by the producer confidence indicator, recorded a small dip in July and came in at 6.6 points, below the previous month’s 7.2 points. Despite the slip, the indicator remained firmly above the zero-point mark that separates optimism from pessimism. Manufacturers’ sentiment in The Netherlands has remained in optimistic territory since October 2014, and July’s result was firmly above the long-term average of 0.7 points over the past two decades.
The deterioration in manufacturers’ sentiment reflected less positive views primarily regarding future output and order books in the next three months, while their mood regarding the stock of finished products remained virtually unchanged. Nonetheless, all subcomponents of the indicator remained in positive territory while all subsectors remained positive for the eighth consecutive month—manufacturers of wooden and building material were the most optimistic in July.
Author: Jan Lammersen, Economist