Dutch Business Confidence Improves in March

Business confidence in the Netherlands’ manufacturing sector fell to -0.7 in March 2026, easing from -1.1 in the previous month. Expected activity rose to 10.1 from 7.0, indicating optimism about near-term production. In contrast, order position assessments weakened to -7.2 from -6.5, and stock judgments declined to -4.9 from -3.9 in February. By sector, outlook improved in refineries and chemicals (-5.2 vs -5.5), while the base metal and metal products industry (1.7 vs -5.5) and transport equipment (2.7 vs -1.3) moved into positive territory. On the other hand, sentiment weakened further in the textile, clothing, and leather industry (-11.1 vs 7.0), food and beverages (-4.5 vs 3.5), and paper and graphic industry (-7.6 vs -4.2). Outlook also became less optimistic in electrical engineering and machinery (4.6 vs 5.9) and other industry and repair (1.3 vs 1.6).

Business confidence in Dutch industry fell to -1.1 in February 2026, returning to pessimism after a brief positive reading of 0.8 in January. Expected activity weakened to 7.0 from 12.7, while order position assessments deteriorated to -6.5 from -5.4. Stock judgments improved slightly to -3.9 from -4.8, indicating somewhat lower inventory pressure. By sector, confidence remained negative in several industries, including food and beverages (-3.5 vs 0.6), paper and graphic industries, refineries and chemistry, and basic metals, which saw a sharp deterioration (-5.5 vs 0.1). The textile, clothing, and leather sector also stayed in negative territory but improved (-7.0 vs -10.4), while transportation equipment slipped into contraction (-1.3 vs 0.0). Meanwhile, confidence was positive in wood and building materials (1.1 vs -1.1), as well as in electrical engineering and machinery(5.9 vs 5.3). Other industry and repair also remained positive, though sentiment eased to 1.6 from 6.0.

Business confidence in the Netherlands’ manufacturing sector rose to 0.8 in January 2026, turning positive for the first time since March 2023, from -1.1 in December. Expectations for business activity strengthened, with expected production rising to 12.7 from 9.6. Sentiment toward order books also improved, as assessments became less negative at -5.4 compared with -6.0 previously, while pessimism over finished goods inventories eased further to -4.8 from -6.9. At the sector level, producers in other industries and repair were the most positive in January, followed by electrical engineering and machinery and transportation equipment, where confidence either improved sharply or remained resilient. Sentiment also strengthened in basic metals and metal products, supported by a firmer activity outlook and improved order positions. By contrast, confidence remained weakest in the textile, clothing and leather sector.