ICT and hotels and restaurants more positive, retail trade more negativeBusiness confidence grew most rapidly in the sector information and communication, from 9 to 15. In the sector hotels and restaurants the mood also improved. Earlier, CBS reported that confidence in manufacturing industry had reached the highest level (5) in nearly eight years. Just as in the preceding four quarters, the highest confidence level (19) was reached in wholesale trade.
Business confidence declined marginally in other sectors of industry, but remains positive except in mining and car dealing. Confidence fell in the retail sector where expectations with respect to future turnover results were less positive.
Employment expected to grow
Confidence has been high for quite some time now. The private sector is also positive about employment prospects. Business confidence has not been this high since the survey was started in 2008.
In mining, manufacturing industry and personal services, more businesses anticipate a decrease in the workforce than an increase, but the gap is closing. In all other sectors, the reverse situation applies.
Business confidence indicates the mood in the Dutch private sector. It is calculated based on a survey of recent developments and expectations within companies in each industry sector. Subsequently, business confidence for the Netherlands is compiled from a weighted average in confidence per sector. Business confidence provides an indication of the direction in which the Dutch economy is expected to develop.