Netherlands: Economic sentiment rises to over two-year high in August
Economic sentiment came in at 100.6 in August, up from July’s 99.7. August’s result marked the strongest sentiment since July 2022. Consequently, the index moved above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector and improving consumer confidence. That said, confidence in the services sector deteriorated in August, while sentiment in the retail and construction sectors waned in the surveyed month.
Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index improved in August.