Netherlands: November business confidence holds at highest point in over two years
November 25, 2013
The producer confidence indicator, which measures Dutch manufacturers' sentiment, rose to a seasonally-adjusted minus 0.4 points in November according to the Central Bureau of Statistics (CBS). This represents a negligible improvement compared to the minus 0.5 points recorded in October. The index has not been this close to the 0-point threshold that separates optimistic from pessimistic sentiment since September 2011.
According to the CBS, two of three components improved in November. Businesses were slightly more optimistic regarding future output and somewhat less pessimistic about order positions than they were in October. Their perceptions regarding stocks of finished products deteriorated marginally.
For 2013, FocusEconomics Consensus Forecast panelists see fixed investment contracting 8.2%, which is unchanged from last month's forecast. For 2014, the panel expects fixed investment to expand 0.8%, which is also unchanged from last month's projection.
Author: Carl Kelly, Economist