Confidence lowest among Dutch textiles-apparel-leather manufacturers

Half of the various industrial sectors produced more than they did last year.

Producer confidence was less negative in December than the previous month. It stood at minus 1.1, up from minus 1.7 in November. Manufacturers were less negative about their current stocks. Their assessment of the output for the next three months and their current stocks of finished products remained largely unchanged.

Producer confidence in December was above the 20-year average of minus 1.3. Confidence reached an all-time high (10.4) in October 2021 and an all-time low (minus 31.5) in April 2020.

Confidence improved in five of eight of the underlying industrial sectors. However, manufacturers in the textiles, apparel and leather industry were the most negative (minus 4.5).

ALCHEMPro News Desk (DS)