Netherlands: Businesses somewhat more confident in March
March 30, 2016
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, increased from February’s 3.1 to 3.9 in March, according to the Central Bureau of Statistics (CBS). As a result, the index moved farther above the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, March’s improvement mainly reflected that producers turned more positive about their future output in the next three months. Conversely, manufacturers’ assessment of their order books was more pessimistic than in February, while their opinion regarding stocks of finished products was broadly stable. Sector-wise, producers in the wood and construction industry were most upbeat.