The Netherlands business confidence drops in JulyStaff Writer | August 1, 2018
Sentiment in the manufacturing industry in The Netherlands dropped for the second consecutive month at the outset of the third quarter.
The Netherlands The index remained above the crucial zero-point mark
The result was also markedly above the long-term average of 0.8 over the past 20 years.
In contrast to less optimism regarding order books and future output, firms held a rosier view on stocks of finished goods.
Moreover, all sub-components of the sentiment index remained in optimistic territory and all subsectors of the manufacturing industry were optimistic, as has been the case for over a year.
Companies in the wood and building materials industry remained the most positive in July.
FocusEconomics Consensus Forecast panelists see fixed investment growing 5.5% in 2018, which is up 0.5 percentage points from last month’s forecast. For 2019, the panel expects fixed investment to expand 3.6%. ■