Netherlands: Businesses remain confident in July, despite moderation from over-four-year high
July 28, 2015
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, moderated from June’s 4.6, which had marked the highest reading in over four years, to 3.7 in July, according to the Central Bureau of Statistics (CBS). Despite the moderation, the index remained well above the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, July’s moderation mainly reflected that Dutch producers were less positive regarding their future output in the next three months and, to a lesser extent, that they were less optimistic about their order books. Conversely, their assessment of their stocks of finished products was broadly unchanged compared to June.