Netherlands: Businesses confidence moderates in August
August 25, 2014
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, edged down from July’s 1.2 points to 0.0 points in August according to the Central Bureau of Statistics (CBS). This marks the lowest level in business confidence since February this year. As a result of the mild decrease, the index now exactly matches the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, overall business confidence moderated mainly because businesses assessed their orders more negatively. In addition, producers were less optimistic regarding production in the next three months. Conversely, producers’ assessments of their stocks of finished products improved over the previous month.