Producer confidence; sentiment indicator manufacturing industry, branches

Producer confidence; sentiment indicator manufacturing industry, branches

Sector/branches (SIC 2008) Margins Periods Producer confidence (%) Producer confidence indicator components Expected activity (%) Producer confidence indicator components Opinion on order books (%) Producer confidence indicator components Stocks of finished products (%)
C Manufacturing Value 2023 August -4.6 2.3 -6.1 -10.0
C Manufacturing Value 2023 September -3.9 4.1 -6.7 -9.1
C Manufacturing Value 2023 October -3.7 4.1 -7.2 -7.9
C Manufacturing Value 2023 November -2.6 5.9 -7.3 -6.4
C Manufacturing Value 2023 December -5.7 1.1 -11.5 -6.9
C Manufacturing Value 2024 January -4.4 1.8 -8.5 -6.4
10-12 Manufacture of food and beverages Value 2023 August -3.8 5.5 -9.0 -7.8
10-12 Manufacture of food and beverages Value 2023 September -3.7 7.1 -13.8 -4.4
10-12 Manufacture of food and beverages Value 2023 October -3.1 5.8 -12.0 -3.0
10-12 Manufacture of food and beverages Value 2023 November -0.3 9.9 -9.0 -1.7
10-12 Manufacture of food and beverages Value 2023 December -4.5 0.6 -9.6 -4.4
10-12 Manufacture of food and beverages Value 2024 January -4.2 -1.3 -12.3 1.0
13-15 Man. of textile-, leatherproducts Value 2023 August -8.3 2.7 -16.6 -10.9
13-15 Man. of textile-, leatherproducts Value 2023 September -2.6 8.9 -6.2 -10.6
13-15 Man. of textile-, leatherproducts Value 2023 October -1.6 13.6 -16.9 -1.6
13-15 Man. of textile-, leatherproducts Value 2023 November -1.2 16.2 -17.8 -2.2
13-15 Man. of textile-, leatherproducts Value 2023 December -3.4 11.0 -18.1 -3.2
13-15 Man. of textile-, leatherproducts Value 2024 January -5.3 10.1 -17.9 -7.9
16+23 Man of wooden and buildingmaterial Value 2023 August -25.4 -18.5 -35.0 -22.6
16+23 Man of wooden and buildingmaterial Value 2023 September -23.8 -19.6 -31.2 -20.6
16+23 Man of wooden and buildingmaterial Value 2023 October -23.0 -21.4 -32.6 -15.0
16+23 Man of wooden and buildingmaterial Value 2023 November -17.6 -15.1 -28.8 -8.8
16+23 Man of wooden and buildingmaterial Value 2023 December -19.0 -7.2 -32.2 -17.6
16+23 Man of wooden and buildingmaterial Value 2024 January -20.6 -9.0 -33.9 -18.8
17-18 Manufacture of paper and printing Value 2023 August -9.1 3.9 -32.9 1.6
17-18 Manufacture of paper and printing Value 2023 September -10.5 2.4 -25.2 -8.6
17-18 Manufacture of paper and printing Value 2023 October -13.0 1.3 -29.3 -11.0
17-18 Manufacture of paper and printing Value 2023 November -10.7 1.5 -28.3 -5.2
17-18 Manufacture of paper and printing Value 2023 December -10.9 5.8 -38.0 -0.6
17-18 Manufacture of paper and printing Value 2024 January -11.2 -3.1 -28.5 -2.1
19-22 Refineries and chemistry Value 2023 August -13.0 -4.9 -22.2 -11.9
19-22 Refineries and chemistry Value 2023 September -8.7 5.6 -23.6 -8.0
19-22 Refineries and chemistry Value 2023 October -7.0 8.0 -23.3 -5.7
19-22 Refineries and chemistry Value 2023 November -2.6 23.2 -24.6 -6.6
19-22 Refineries and chemistry Value 2023 December -8.7 6.3 -25.1 -7.4
19-22 Refineries and chemistry Value 2024 January -8.1 6.5 -23.2 -7.5
24-25 Man. of basic metals and -products Value 2023 August -8.4 1.9 -9.9 -17.0
24-25 Man. of basic metals and -products Value 2023 September -9.4 -1.6 -10.4 -16.1
24-25 Man. of basic metals and -products Value 2023 October -9.4 -3.0 -9.1 -16.2
24-25 Man. of basic metals and -products Value 2023 November -8.7 0.0 -10.2 -16.0
24-25 Man. of basic metals and -products Value 2023 December -10.0 -2.5 -13.1 -14.4
24-25 Man. of basic metals and -products Value 2024 January -12.1 -7.5 -10.8 -18.1
26-28 Manufact of electronics, machinery Value 2023 August 5.6 12.4 12.3 -7.8
26-28 Manufact of electronics, machinery Value 2023 September 6.1 14.6 11.2 -7.6
26-28 Manufact of electronics, machinery Value 2023 October 7.8 17.2 11.2 -4.8
26-28 Manufact of electronics, machinery Value 2023 November 5.3 8.3 11.8 -4.3
26-28 Manufact of electronics, machinery Value 2023 December -0.7 1.7 1.3 -5.3
26-28 Manufact of electronics, machinery Value 2024 January 6.2 9.3 13.1 -3.7
29-30 Transport equipment Value 2023 August 2.4 -8.9 25.1 -9.1
29-30 Transport equipment Value 2023 September 1.7 -8.6 21.3 -7.7
29-30 Transport equipment Value 2023 October -6.4 -13.8 18.0 -23.5
29-30 Transport equipment Value 2023 November -6.5 -21.2 9.4 -7.8
29-30 Transport equipment Value 2023 December -7.4 -19.4 -0.6 -2.1
29-30 Transport equipment Value 2024 January -13.1 -21.0 -8.8 -9.4
31-33 Other manufacturing and repair Value 2023 August -0.5 3.0 -0.5 -4.1
31-33 Other manufacturing and repair Value 2023 September -0.7 2.3 2.3 -6.8
31-33 Other manufacturing and repair Value 2023 October -0.6 1.0 -1.5 -1.2
31-33 Other manufacturing and repair Value 2023 November -1.2 3.7 -3.5 -3.8
31-33 Other manufacturing and repair Value 2023 December 1.8 11.3 -2.8 -3.2
31-33 Other manufacturing and repair Value 2024 January 5.4 17.1 -1.2 0.3
Source: CBS.
Explanation of symbols

Dataset is not available.


Producer confidence is a sentiment indicator for the manufacturing industry that indicates the direction in which manufacturing production is expected to develop. The indicator is an unweighted arithmetic average of three component indicators from the Business sentiment survey of the manufacturing industry. Before the Producer confidence is calculated, seasonal effects are removed from the three component indicators. The questions concern the expected activity in the next three months, opinion on order books and opinion on stocks of finished products. Results of the latter question are inverted when calculating the producer confidence, since a surplus of finished products is seen as something negative.

The more optimistic or pessimistic manufacturing companies are, the more positive or negative the value of the producer confidence indicator is compared with the zero line, and the greater the expectation that manufacturing production in the coming months will increase or decrease respectively. The producer confidence indicator has been available since 1985. For the sectors of manufacturing industry given in this table, the results are available from the start of 1994.
This publication is created using co-financing by the European Commission.

Data available from: January 1985

Status of the figures:
The figures are definitive.

Changes as of January 30th, 2024:
Margins based on a 95% confidence interval have been added. Also the correction for insufficient objective assessment (bias) has been removed from the entire series. In addition, the figures have been recalculated from January 2012 using a new weighting method and a renewed method for seasonal adjustments. The January 2024 figures have been added.

When will new figures be published?
February 2024 figures are expected to be published on February 28th, 2024.

Description topics

Producer confidence
Producer confidence is a sentiment indicator for the manufacturing industry that indicates the direction in which manufacturing production is expected to develop. The indicator is an unweighted arithmetic average of three component indicators from the Business sentiment survey of the manufacturing industry. Before the Producer confidence is calculated, seasonal and bias effects are removed from the three component indicators. The questions concern the expected activity in the next three months, opinion on order books and opinion on stocks of finished products.

The more optimistic or pessimistic manufacturing companies are, the more positive or negative the value of the producer confidence indicator is compared with the zero line, and the greater the expectation that manufacturing production in the coming months will increase or decrease respectively. The producer confidence indicator has been available since 1985. For the sectors of manufacturing industry given in this table, the results are available from the start of 1994.
Producer confidence indicator components
Producer confidence consists of three component indicators from the
Business sentiment survey: expected activity, opinions on order books
and stocks of finished products.
Expected activity
Volume indicator calculated as the percentage of positive answers minus
the percentage of negative answers to the question whether production
in the coming three months will increase, remain the same or decrease.
Seasonal and bias effects are removed.
Opinion on order books
Volume indicator calculated as a percentage of positive answers minus
the percentage of negative answers to the question whether the volume
of orders in the order book are too large, normal or too small,
given the time of the year. Seasonal and bias effects are removed.
Stocks of finished products
Volume indicator calculated as the percentage of positive answers minus
the percentage of negative answers to the question whether the volume
of stocks of finished products is too large, normal or too small, given
expected sales developments. Seasonal and bias effects are removed.
The outcome then is inverted, since a surplus of finished products is seen as something negative.