Netherlands: Dutch business confidence hits multi-year high in February
February 27, 2017
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, rose from 6.0 in January to 7.0 in February, according to the Central Bureau of Statistics (CBS). The result marked a nine-year high and was further above the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, the improvement reflected producers’ more positive views regarding future output and order books over the next three months. On the other hand, they were slightly more negative about their stocks of finished products. In terms of specific sectors, producers in the wood and construction industry were by far the most optimistic, followed by producers in the textiles, clothes and leather industry.