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Netherlands' economic climate experiences downturn in October

02 Nov '23
2 min read
Pic: Adobe Stock/kubais
Pic: Adobe Stock/kubais

Insights

  • The Netherlands experienced a downturn in its economic climate in October, with * out of * Business Cycle Tracer indicators performing below their long-term trends.
  • Consumer and producer confidence were both below the long-term average.
  • The manufacturing output dropped by *.* per cent YoY in August, while the average daily output fell by *.* per cent.

In October ****, Dutch consumers were slightly less negative than they were in the previous month. Consumer confidence was positioned far below the long-term average over the past two decades. Producers were also slightly less negative than in September. Producer confidence was also below the **-year average, CBS said in a press release.

In August ****, the average daily output of the Dutch manufacturing industry was *.* per cent lower than in August ****. Output also contracted year on year in the preceding months. Relative to July, output fell by *.* per cent in August.

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