Business confidence at highest level since 2008
Business confidence in the Netherlands, total non-financial private sector
In nearly all sectors, business confidence improved relative to Q4 2016. The mood among manufacturers, retailers, wholesalers, real estate agents and business services providers reached the highest level since measurements started in 2008.
Confidence up in most sectors
Construction and wholesale in the leadConfidence among entrepreneurs in the construction sector is highest for the second quarter in a row at 27.2 points. The indicator is only slightly lower than in the previous quarter (28.7), when it reached its highest level ever.
Wholesale entrepreneurs are relatively positive as well, improving from 18.7 points in Q4 2016 to 25.2 points in Q1 2017. Likewise, confidence among entrepreneurs in the sectors real estate and business services is above average.
Mood in mining and quarrying sector less negativeMining and quarrying is the only sector with a negative outlook. The mood indicated by business owners in this sector is very low at -14.6, but this is a considerable improvement over Q4 2016 when the lowest level ever was reached, -32.6.
Business confidence by sector
|Q4 2016||Q1 2017|
|Real estate activities||12.5||19.6|
|Hotels and restaurants||13.3||14.9|
|Information and |
|Transport and storage||4.8||8.1|
|Car trade and repair||-0.3||2.7|
Growing investments and staff numbersThe positive sentiment among entrepreneurs can also be seen from the expected increase in investments and staff numbers. A share of 21.8 percent expect investments in the current year to be higher than one year previously, versus 11.3 percent of entrepreneurs who are expecting a decrease. On balance, 10.6 percent of entrepreneurs have a more positive investment outlook for the current year compared to the previous year. At 27.3 percent on balance, the real estate sector has the most positive investment outlook.
On balance, 8.7 percent of entrepreneurs are looking to add manpower in Q1 while the share is highest in the construction sector at 23.4 percent.
Expectations private sector
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