Producer confidence; sentiment indicator manufacturing industry, branches

Producer confidence; sentiment indicator manufacturing industry, branches

Sector/branches (SIC 2008) 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 2020 October -5.6 -6.2 -12.0 1.4
C Manufacturing 2020 November -3.8 -5.3 -7.1 1.0
C Manufacturing 2020 December -0.4 1.5 -4.0 1.4
C Manufacturing 2021 January 0.6 2.6 -2.0 1.4
C Manufacturing 2021 February 0.1 0.0 -0.9 1.0
C Manufacturing 2021 March 3.4 5.8 3.4 1.0
10-12 Manufacture of food and beverages 2020 October -4.3 -5.0 -6.1 -2.0
10-12 Manufacture of food and beverages 2020 November -7.9 -5.9 -10.0 -7.7
10-12 Manufacture of food and beverages 2020 December -2.8 1.5 -4.2 -5.5
10-12 Manufacture of food and beverages 2021 January -5.0 -3.4 -7.2 -4.3
10-12 Manufacture of food and beverages 2021 February -3.4 -1.0 -9.5 0.2
10-12 Manufacture of food and beverages 2021 March -4.8 -2.5 -10.0 -2.0
13-15 Man. of textile-, leatherproducts 2020 October -7.4 10.3 -21.0 -11.6
13-15 Man. of textile-, leatherproducts 2020 November -4.0 5.2 -7.5 -9.7
13-15 Man. of textile-, leatherproducts 2020 December 8.1 9.5 11.8 2.9
13-15 Man. of textile-, leatherproducts 2021 January 1.7 -11.7 6.8 10.0
13-15 Man. of textile-, leatherproducts 2021 February -6.7 -10.8 -3.0 -6.2
13-15 Man. of textile-, leatherproducts 2021 March 0.1 4.5 -5.7 1.4
16+23 Man of wooden and buildingmaterial 2020 October 6.1 -4.6 6.2 16.5
16+23 Man of wooden and buildingmaterial 2020 November 2.9 -10.2 21.5 -2.7
16+23 Man of wooden and buildingmaterial 2020 December 11.2 12.9 37.0 -16.4
16+23 Man of wooden and buildingmaterial 2021 January 9.1 4.3 22.0 1.0
16+23 Man of wooden and buildingmaterial 2021 February 4.9 2.6 -3.1 15.1
16+23 Man of wooden and buildingmaterial 2021 March 14.5 22.6 5.8 15.2
17-18 Manufacture of paper and printing 2020 October -1.4 -4.1 -15.3 15.3
17-18 Manufacture of paper and printing 2020 November -3.3 -12.9 -4.0 6.9
17-18 Manufacture of paper and printing 2020 December 3.7 -7.7 6.3 12.3
17-18 Manufacture of paper and printing 2021 January -2.1 -17.5 2.1 9.0
17-18 Manufacture of paper and printing 2021 February -6.5 -17.0 -8.4 5.8
17-18 Manufacture of paper and printing 2021 March 1.7 11.1 -1.3 -4.6
19-22 Refineries and chemistry 2020 October 0.0 -1.6 0.9 0.6
19-22 Refineries and chemistry 2020 November 3.1 2.3 1.1 5.9
19-22 Refineries and chemistry 2020 December 4.5 3.3 3.0 7.3
19-22 Refineries and chemistry 2021 January 3.4 -0.3 4.6 5.8
19-22 Refineries and chemistry 2021 February 3.8 5.5 8.1 -2.1
19-22 Refineries and chemistry 2021 March 8.2 11.0 8.6 5.1
24-25 Man. of basic metals and -products 2020 October -9.3 -9.6 -16.7 -1.6
24-25 Man. of basic metals and -products 2020 November -6.4 -0.5 -13.8 -4.9
24-25 Man. of basic metals and -products 2020 December -1.3 2.1 -2.4 -3.6
24-25 Man. of basic metals and -products 2021 January 2.7 13.4 -1.7 -3.6
24-25 Man. of basic metals and -products 2021 February 2.0 7.8 1.4 -3.2
24-25 Man. of basic metals and -products 2021 March -0.2 1.8 3.4 -5.8
26-28 Manufact of electronics, machinery 2020 October -7.4 -6.4 -16.7 0.9
26-28 Manufact of electronics, machinery 2020 November -3.8 -5.8 -10.7 5.0
26-28 Manufact of electronics, machinery 2020 December -2.5 3.1 -13.7 3.0
26-28 Manufact of electronics, machinery 2021 January 5.8 9.5 7.2 0.8
26-28 Manufact of electronics, machinery 2021 February 4.1 -4.8 12.3 4.8
26-28 Manufact of electronics, machinery 2021 March 11.1 10.2 17.3 5.7
29-30 Transport equipment 2020 October 1.4 9.7 -5.4 -0.2
29-30 Transport equipment 2020 November 3.1 -1.6 4.4 6.4
29-30 Transport equipment 2020 December 7.0 18.3 5.3 -2.5
29-30 Transport equipment 2021 January 2.5 6.6 -12.4 13.3
29-30 Transport equipment 2021 February 7.1 7.4 6.1 7.6
29-30 Transport equipment 2021 March 10.4 10.5 14.3 6.3
Source: CBS.
Explanation of symbols

Table description


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. 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:
Figures are definite.

Changes as of 31 March 2021:
Figures of March 2021 for the sectors of manufacturing industry have been added.

When will new figures be published?
April 2021 figures are expected to be published on 29 April 2021.

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.