Producer confidence; sentiment indicator manufacturing industry, branches
| Sector/branches (SIC 2008) | Margins | Seasonal adjustment | 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 | Seasonally adjusted data | 2025 August | -3.3 | 6.1 | -9.1 | -6.9 |
| C Manufacturing | Value | Seasonally adjusted data | 2025 September | -1.6 | 9.4 | -8.9 | -5.4 |
| C Manufacturing | Value | Seasonally adjusted data | 2025 October | -0.8 | 10.7 | -8.5 | -4.7 |
| C Manufacturing | Value | Seasonally adjusted data | 2025 November | -1.7 | 9.6 | -7.7 | -7.0 |
| C Manufacturing | Value | Seasonally adjusted data | 2025 December | -1.1 | 9.6 | -6.0 | -6.9 |
| C Manufacturing | Value | Seasonally adjusted data | 2026 January* | 0.8 | 12.7 | -5.4 | -4.8 |
| 10-12 Manufacture of food and beverages | Value | Seasonally adjusted data | 2025 August | -1.6 | 5.4 | -4.7 | -5.5 |
| 10-12 Manufacture of food and beverages | Value | Seasonally adjusted data | 2025 September | -1.7 | 10.3 | -8.7 | -6.7 |
| 10-12 Manufacture of food and beverages | Value | Seasonally adjusted data | 2025 October | -2.4 | 3.5 | -7.2 | -3.3 |
| 10-12 Manufacture of food and beverages | Value | Seasonally adjusted data | 2025 November | -4.1 | 3.0 | -7.5 | -8.0 |
| 10-12 Manufacture of food and beverages | Value | Seasonally adjusted data | 2025 December | -4.2 | 3.6 | -8.4 | -7.7 |
| 10-12 Manufacture of food and beverages | Value | Seasonally adjusted data | 2026 January* | 0.6 | 12.1 | -5.6 | -4.7 |
| 13-15 Man. of textile-, leatherproducts | Value | Seasonally adjusted data | 2025 August | -7.2 | 2.1 | -20.8 | -2.7 |
| 13-15 Man. of textile-, leatherproducts | Value | Seasonally adjusted data | 2025 September | -3.6 | -2.1 | -10.8 | 2.0 |
| 13-15 Man. of textile-, leatherproducts | Value | Seasonally adjusted data | 2025 October | -1.6 | 8.7 | -7.3 | -6.2 |
| 13-15 Man. of textile-, leatherproducts | Value | Seasonally adjusted data | 2025 November | -6.7 | 6.8 | -19.4 | -7.5 |
| 13-15 Man. of textile-, leatherproducts | Value | Seasonally adjusted data | 2025 December | -4.5 | 1.3 | -12.2 | -2.8 |
| 13-15 Man. of textile-, leatherproducts | Value | Seasonally adjusted data | 2026 January* | -10.4 | -2.6 | -18.7 | -9.9 |
| 16+23 Man of wooden and buildingmaterial | Value | Seasonally adjusted data | 2025 August | -0.6 | 13.7 | -12.6 | -3.0 |
| 16+23 Man of wooden and buildingmaterial | Value | Seasonally adjusted data | 2025 September | 2.9 | 21.8 | -9.9 | -3.3 |
| 16+23 Man of wooden and buildingmaterial | Value | Seasonally adjusted data | 2025 October | -0.2 | 16.8 | -10.6 | -6.9 |
| 16+23 Man of wooden and buildingmaterial | Value | Seasonally adjusted data | 2025 November | 0.0 | 14.5 | -7.6 | -6.9 |
| 16+23 Man of wooden and buildingmaterial | Value | Seasonally adjusted data | 2025 December | -2.1 | 3.9 | -7.0 | -3.3 |
| 16+23 Man of wooden and buildingmaterial | Value | Seasonally adjusted data | 2026 January* | -1.1 | 9.2 | -9.8 | -2.7 |
| 17-18 Manufacture of paper and printing | Value | Seasonally adjusted data | 2025 August | -7.7 | 7.2 | -16.4 | -14.0 |
| 17-18 Manufacture of paper and printing | Value | Seasonally adjusted data | 2025 September | -7.2 | 4.9 | -11.2 | -15.1 |
| 17-18 Manufacture of paper and printing | Value | Seasonally adjusted data | 2025 October | -4.1 | 11.0 | -15.6 | -7.7 |
| 17-18 Manufacture of paper and printing | Value | Seasonally adjusted data | 2025 November | -7.0 | 5.3 | -11.3 | -15.0 |
| 17-18 Manufacture of paper and printing | Value | Seasonally adjusted data | 2025 December | -2.6 | 11.7 | -13.6 | -5.9 |
| 17-18 Manufacture of paper and printing | Value | Seasonally adjusted data | 2026 January* | -3.3 | 11.0 | -8.2 | -12.6 |
| 19-22 Refineries and chemistry | Value | Seasonally adjusted data | 2025 August | -0.5 | 12.7 | -8.7 | -5.4 |
| 19-22 Refineries and chemistry | Value | Seasonally adjusted data | 2025 September | -3.5 | 5.8 | -11.7 | -4.6 |
| 19-22 Refineries and chemistry | Value | Seasonally adjusted data | 2025 October | -1.3 | 11.0 | -14.0 | -0.8 |
| 19-22 Refineries and chemistry | Value | Seasonally adjusted data | 2025 November | -4.2 | 7.7 | -16.0 | -4.2 |
| 19-22 Refineries and chemistry | Value | Seasonally adjusted data | 2025 December | -2.5 | 8.7 | -10.6 | -5.5 |
| 19-22 Refineries and chemistry | Value | Seasonally adjusted data | 2026 January* | -5.3 | 1.9 | -15.1 | -2.6 |
| 24-25 Man. of basic metals and -products | Value | Seasonally adjusted data | 2025 August | -7.4 | 8.4 | -15.9 | -14.8 |
| 24-25 Man. of basic metals and -products | Value | Seasonally adjusted data | 2025 September | 0.6 | 22.0 | -14.6 | -5.6 |
| 24-25 Man. of basic metals and -products | Value | Seasonally adjusted data | 2025 October | 2.8 | 23.0 | -9.4 | -5.2 |
| 24-25 Man. of basic metals and -products | Value | Seasonally adjusted data | 2025 November | -1.4 | 17.6 | -8.5 | -13.2 |
| 24-25 Man. of basic metals and -products | Value | Seasonally adjusted data | 2025 December | 0.2 | 21.7 | -6.5 | -14.5 |
| 24-25 Man. of basic metals and -products | Value | Seasonally adjusted data | 2026 January* | 0.1 | 16.2 | -2.0 | -13.9 |
| 26-28 Manufact of electronics, machinery | Value | Seasonally adjusted data | 2025 August | -6.2 | -0.8 | -8.3 | -9.5 |
| 26-28 Manufact of electronics, machinery | Value | Seasonally adjusted data | 2025 September | -3.3 | 3.2 | -4.5 | -8.5 |
| 26-28 Manufact of electronics, machinery | Value | Seasonally adjusted data | 2025 October | -4.3 | 4.3 | -7.6 | -9.7 |
| 26-28 Manufact of electronics, machinery | Value | Seasonally adjusted data | 2025 November | 0.8 | 12.4 | -3.1 | -6.9 |
| 26-28 Manufact of electronics, machinery | Value | Seasonally adjusted data | 2025 December | 0.3 | 10.0 | 0.2 | -9.4 |
| 26-28 Manufact of electronics, machinery | Value | Seasonally adjusted data | 2026 January* | 5.3 | 14.9 | 2.9 | -1.9 |
| 29-30 Transport equipment | Value | Seasonally adjusted data | 2025 August | -7.6 | -4.7 | -18.8 | 0.7 |
| 29-30 Transport equipment | Value | Seasonally adjusted data | 2025 September | -6.9 | -5.9 | -14.9 | 0.1 |
| 29-30 Transport equipment | Value | Seasonally adjusted data | 2025 October | 2.4 | 9.2 | 1.8 | -3.7 |
| 29-30 Transport equipment | Value | Seasonally adjusted data | 2025 November | 1.7 | 12.1 | -6.1 | -0.9 |
| 29-30 Transport equipment | Value | Seasonally adjusted data | 2025 December | 2.3 | 14.5 | -3.9 | -3.5 |
| 29-30 Transport equipment | Value | Seasonally adjusted data | 2026 January* | 0.0 | 18.7 | -15.5 | -3.1 |
| 31-33 Other manufacturing and repair | Value | Seasonally adjusted data | 2025 August | 5.5 | 12.8 | 2.2 | 1.5 |
| 31-33 Other manufacturing and repair | Value | Seasonally adjusted data | 2025 September | 5.0 | 14.6 | -1.3 | 1.7 |
| 31-33 Other manufacturing and repair | Value | Seasonally adjusted data | 2025 October | 4.7 | 18.1 | -5.5 | 1.5 |
| 31-33 Other manufacturing and repair | Value | Seasonally adjusted data | 2025 November | 0.7 | 5.1 | -2.6 | -0.3 |
| 31-33 Other manufacturing and repair | Value | Seasonally adjusted data | 2025 December | 1.3 | 3.9 | -4.2 | 4.4 |
| 31-33 Other manufacturing and repair | Value | Seasonally adjusted data | 2026 January* | 6.0 | 20.7 | -2.9 | 0.2 |
| Source: CBS. | |||||||
Table explanation
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 results are provisional during the reporting year. The results will be declared final in the first month following the reporting year.
Changes as of January 29th 2026:
Figures of January 2026 have been added.
From January 2026, the newly added seasonally adjusted results will be provisional during the year. These results will be adjusted in January of the following year and then finalized.
Changes as of September 4th 2025:
Corrections have been made to previously supplied data for the manufacture of metals. For this reason figures for producer confidence indicator component ‘Stocks of finished products’ has been adjusted for 24-25 Man. of basic metals and -products and C Manufacturing.
When will new figures be published?
Figures of February 2026 are expected to be published the 26th of February 2026.
Seasonally adjusted results for all periods before January 2026 will be adjusted once. This is in line with the new method, where the results are only finalized when seasonal adjustment is performed based on results over a whole number of years.
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.