Netherlands: Business confidence remains in optimistic territory despite decline
April 24, 2014
The producer confidence indicator, which measures Dutch manufacturers' sentiment, decreased to a seasonally-adjusted 0.3 points in April according to the Central Bureau of Statistics (CBS). This figure is down from the 1.1 points recorded in March, which had marked a return to optimistic territory and the highest value since June 2011. Nevertheless, the index is still just above the 0-point threshold that separates pessimistic from optimistic sentiment.
According to the CBS, the decline in business confidence was mainly due to the fact that businesses were less positive regarding stocks of finished products and, to a lesser extent, less positive regarding order positions and their future output.
For 2014, FocusEconomics Consensus Forecast panelists see fixed investment growing 4.1%, which is unchanged from last month's forecast. For 2015, the panel expects fixed investment to expand 3.2%.
Author: Armando Ciccarelli, Head of Data Solutions