The business confidence indicator reflects the mood among entrepreneurs in the Dutch non-financial private sector. The index is compiled for each individual sector, on the basis of survey questions about recent developments and expectations among entrepreneurs, including turnover developments. Business confidence is then compiled from a weighted average of the confidence per industry. It provides an indication of the direction in which the Dutch economy is expected to develop.
The questions on the basis of which business confidence is compiled are taken from the Netherlands Business Survey (COEN). The COEN Netherlands Business Survey is conducted among companies with 5 or more employees in the non-financial private sector. These are all businesses except banks, insurance companies and pension funds.