Netherlands: Business confidence strengthens to nearly-one-year high in April
April 28, 2016
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, increased from March’s 3.9 to 4.7 in April, according to the Central Bureau of Statistics (CBS). As a result, the index hit an over-five-year high and moved farther above the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, April’s improvement mainly reflected that producers turned more positive about their order books and their stocks of finished products. By contrast, they became less optimistic regarding their future output in the next three months. Sector-wise, producers in the wood and construction industry remained the most upbeat.