Dutch producer confidence improves in Sept but stays negative

Producer confidence was less negative in September than it was in the previous month, according to Statistics Netherlands (CBS). Producer confidence stood at -1.6, up from -3.3 in August. Manufacturers were more positive regarding output for the next three months, in particular. In the textiles, clothes and leather sector, producer confidence showed a notable improvement, moving from -7.2 in August to -3.6 in September.

Manufacturers’ expectations regarding output for the next three months were more positive than in August. They were also less negative about their current stocks of finished products and order positions, CBS said in a press release.

Producer confidence in the Netherlands improved in September to -1.6 from -3.3 in August, as per CBS.
Textiles, clothes and leather sector also saw improvement.
Manufacturers were more optimistic about output for the next three months but remained cautious on orders and stocks.
Output in July was down 1.1 per cent YoY and 1.4 per cent MoM.

One component of producer confidence was positive: there were more manufacturers expecting an increase in output over the next three months than there were expecting a decrease.

However, two other components of the indicator were negative. Manufacturers were more likely to indicate that their order position was weak rather than strong for the time of year, and more manufacturers described their current stock of finished products as large rather than small.

In July, the calendar-adjusted output of the Dutch manufacturing sector was 1.1 per cent lower than it was in July 2024. Manufacturing output fell by 1.4 per cent relative to June, after adjusting for seasonal and calendar effects, added the release.

Fibre2Fashion News Desk (SG)