Dutch producer confidence highest in over 9 years
Manufacturers are especially more positive about their stocks of finished products. Producer confidence reached its highest level in more than 9 years.
Since October 2014, optimism has prevailed among Dutch manufacturers. Confidence is significantly above its long-term average over the past two decades (0.6).
The business confidence indicator reached an all-time high (9.4) in January 2008, but dipped to an all-time low (- 23.5) more than one year later.
In April, Dutch manufacturers were more positive about their stocks of finished products. They were also slightly more positive about their future output over the next three months, but less positive about their order books.
All three component indicators of producer confidence were positive in April. Manufacturers anticipating output growth during the next three months outnumber those expecting output to decline in this period.
Given the time of year, manufacturers who think the number of orders they received is large constitute a majority over those who think the opposite.
The number of manufacturers who define their stocks of finished products as too small outnumber those who define them as too large.
Confidence is positive across all subsectors of the manufacturing industry.
Just as in the previous months, producers in the wood and construction industry are most optimistic, followed by their counterparts in the textile, clothing and leather industry. ■