Netherlands: Economic sentiment hits highest reading since July 2022 in February
Economic sentiment rose to 98.5 in February from January’s 96.8. February’s result marked the strongest sentiment since July 2022. That said, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial and retail sectors, stronger consumer confidence and improved confidence in the services sector. That said, February marked weaker sentiment in the construction sector.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in February.