Entrepreneurs in the industrial sector have become a little more optimistic about the future, according to measurements by Statistics Netherlands. For example, entrepreneurs expect more activity in the coming months and people are more confident about the jobs that are on the shelf. However, as people have gotten slightly more negative about stock in stock, that number would be too large.
The index measuring confidence rose from 2.5 in October to 3 in November, according to Statistics Netherlands. Producer confidence is therefore above the long-term average of 1.1. Business confidence reached its peak in November 2021 (12.7). The lowest value (minus 28.7) was recorded in April 2020.
In more than half of all sectors, producer confidence was higher in November than a month earlier. As in previous months, entrepreneurs from the electrical engineering and machinery sectors were by far the most positive, although confidence in this group declined slightly on a month-on-month basis. “People are a little darker about the economic climate,” says Peter Hein van Mulligen, chief economist at CBS.