Netherlands: January business confidence pushes further into optimistic territory
January 27, 2014
The producer confidence indicator, which measures Dutch manufacturers' sentiment, rose to a seasonally-adjusted 0.7 points in January according to the Central Bureau of Statistics (CBS). This represents an improvement compared to the 0.1 points recorded in December, when the index crossed into optimistic territory for the first time since it fell below the threshold in July 2011. The index now sits at the highest level since June 2011.
According to the CBS, two of three components of the indicator improved in January. Businesses were more optimistic regarding future output and somewhat less pessimistic about order positions than they were in December. Their perceptions regarding stocks of finished products were slightly more negative.
For 2014, FocusEconomics Consensus Forecast panelists see fixed investment contracting 7.0%, which is unchanged from last month's forecast. For 2015, the panel expects fixed investment to expand 1.8%.
Author: Carl Kelly, Economist