Positive mood in private sector continues in the Netherlands
This is not only 1.3 points higher than in the third quarter but also well above the average level (-2.0) since measurements started in 2008.
Business confidence is reported by Statistics Netherlands (CBS), the Dutch Chamber of Commerce, the Economic Institute for Construction and Housing (EIB), the Dutch Organisation for Small and Medium-Sized Enterprises (MKB-Nederland) and the Dutch Employers’ Organisation (VNO-NCW). The latest reading took place in October 2016.
Business confidence in the non-financial private sector has been consistently high since early 2014. Optimism prevails in nearly all sectors of trade. The construction sector is currently the sector where confidence is highest.
The indicator has risen from 16.6 in the third quarter to 28.7. The mood is also above average in wholesale trade (where confidence has reached 18.7) and the hotel and restaurant sector (9.0).
The only sector where the mood is negative is the mining and quarrying sector (-32.6). ■