Netherlands: Business confidence weakens slightly
January 25, 2012
Business sentiment continues to deteriorate. In January, the seasonally adjusted producer confidence indicator elaborated by Statistics Netherlands (CBS) inched down to minus 1.4 points from minus 1.3 points in December. The current result represents the seventh consecutive negative reading but beat market expectations, which had confidence falling to a deeper minus 2.0 points. According to CBS, January's decline in business sentiment reflected manufacturers' more pessimistic view on future output as well as stocks of finished products. That said, manufacturers were somewhat less pessimistic about their order positions.