Netherlands: Businesses confidence ticks down and indicates pessimistic sentiment
September 24, 2014
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, inched down from August’s 0.0 points to minus 0.2 points in September, according to the Central Bureau of Statistics (CBS). This marks the lowest level in business confidence since November of last year. As a result of the mild decrease, the index moved just below the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, September’s slight moderation in overall business confidence is mainly because businesses assessed their stocks of finished products less positively. While producers’ assessment of production in the next three months was broadly unchanged, their assessments of their order positions improved a bit over the previous month.