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.