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Netherlands: Business confidence picks up in May

Christian Fernsby |
Business confidence came in at 8.8 in May, up from April's 6.5. May's result marked the strongest sentiment since May 2018.

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As such, the index moved further above the 0-threshold, indicating optimism among businesses.

The jump was driven by greater optimism regarding business expectations and rosier views on order books.

Consensus Forecast panelists see fixed investment expanding 1.4% in 2021, which is unchanged from last month’s estimate, and 4.0% in 2022.

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