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Dutch manufacturer confidence shows improvement in November 2023

02 Dec '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Dutch manufacturer confidence improved in November ****, rising from minus *.* to minus *.*.
  • The optimism is attributed to positive expectations for output and reduced negativity about current product stocks.
  • However, confidence remains below the long-term average.
  • Most industries reported increased confidence, led by textiles, clothing, and leather.

However, despite this improvement, November&#**;s producer confidence remains below the long-term average of *. It&#**;s worth noting that in November ****, it reached an all-time high at **.*, while the lowest point was recorded in April **** at minus **.*.

The positive change in producer confidence was observed across most major manufacturing industries in November. The textile, clothing, and leather industry reported the highest confidence levels, as per CBS.

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