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Dutch Producer Confidence Drops In January

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Tuesday, the Netherlands' Central Bureau of Statistics announced that the producer confidence indicator dropped to minus 8.3 in January from minus 8.1 in December. Economists expected a reading of minus 7.

Producer confidence is composed with three component indicators: expected production over the next three months, opinion on orders received and the assessment of stocks of finished products, the statistical office said. The opinion on the order worsened slightly, while on stocks of finished products traders were optimistic than the previous month.

Tuesday, the Netherlands' Central Bureau of Statistics announced that the producer confidence indicator dropped to minus 8.3 in January from minus 8.1 in December. Economists expected a reading of minus 7. (Market News Provided by RTTNews)

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