Dutch Producer Confidence Deteriorates In September

Dutch producer confidence declined in September after remaining fairly stable during the past four months, data released by Statistics Netherlands showed Monday.

The confidence indicator fell to -6.7 in September from -4.6 in August. Manufacturers were more pessimistic about the company's production outlook and were also downbeat about their order positions.

In September, the manufacturers reporting a decline in new orders slightly outnumbered those who reported an increase. The order position index dropped to 96.8 in September from 98.6 in August.

Firms were slightly more pessimistic about future employment than in August. The number of manufacturers anticipating staff cuts over the next three months was much higher than the number of those expecting an improvement.