Netherlands: Businesses confidence jumps to over-three-year high
October 27, 2014
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, rose from September’s minus 0.2 points to plus 2.0 points in October, according to the Central Bureau of Statistics (CBS). This marks the highest level in business confidence since May 2011. As a result of the notable increase, the index is again above the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, October’s improvement in overall business confidence occurred primarily because businesses assessed production in the next three months and their order positions much more positively, which more than offset the fact that manufactures were slightly less positive regarding their stocks of finished products.