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Dutch Producer Confidence Improves, Consumer Spending Drops

Confidence among Dutch manufacturers improved in February, data released by the Central Bureau of Statistics showed Friday.

The producer confidence index increased to -3.6 in February from -5.6 in January, indicating the manufacturers were less downbeat about their businesses.

Among components of the main index, the measure of producers' expectations for output in the coming three months turned less pessimistic during the month.

At the same time, manufacturers' perception of stocks improved in February. Their views of order books were, meanwhile, slightly more pessimistic, the agency said.

Separately, the agency said Dutch households' spending on goods and services decreased 1 percent in December, though at a slower pace compared to the 3 percent fall seen in November, which was the largest fall in more than three years.

Spending on durable goods dropped 2 percent from a year earlier in December, slower than the contraction recorded in November. Meanwhile, households spent slightly more on food and beverages during the month. Spending on services was lower by 0.6 percent from a year earlier, data showed.

by RTTNews Staff Writer

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