In the Netherlands, the Business Confidence Index measures the sentiment of manufacturing companies regarding their order positions, stock levels, and expected economic activity over the next three months. The index is calculated by subtracting the percentage of negative responses from the percentage of positive ones, ranging from -100 to 100. Higher readings indicate stronger confidence, which can provide insight into future economic performance in the manufacturing sector.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.