Netherlands: Businesses stay optimistic in August, despite slight moderation in sentiment
August 25, 2015
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, receded from July’s 3.7 to 3.5 in August, according to the Central Bureau of Statistics (CBS). This marks a second consecutive moderation, after confidence hit an over-four-year high in June. Despite the slowdown, the index remained well above the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, August’s moderation mainly reflected that Dutch producers were less positive regarding their output in the next three months. However, their assessment of their future output still rested well above the long-term average. While manufacturer’s opinion regarding their order books was virtually unchanged in August, they assessed their stocks of finished products more positively than in July.