Mood among Dutch manufacturers remains stable

Mood among Dutch manufacturers remains stable

The mood among Dutch manufacturers remained stable according to figures released by Statistics Netherlands. The producer confidence indicator stood at – 0.4 in November.

Producer confidence consists of three component indicators: manufacturers’ opinions on their order positions, their opinions on their stocks of finished products and the projected output over the next three months. Manufacturers were slightly more optimistic about their future output and they were also somewhat less negative about their order positions than in September. Their opinions on their stocks of finished products, on the other hand, deteriorated marginally.

In November, manufacturers became more negative about future employment in their branches; 19.3 percent of manufacturers anticipated staff cuts during the next three months, only 6.9 percent expected employment in their branch to improve. The balance of positive and negative answers deteriorated from – 8.4 in October to – 12.4 in November.

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