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Business Survey Netherlands (COEN)

This information is provided by

Statistics Netherlands, CBS

The Business Survey Netherlands (Conjunctuurenquête Nederland, COEN) maps out the most important developments in the economic climate for Dutch entrepreneurs. It does so on both a national and a regional level. The COEN forms an addition to monthly surveys carried out by Statistics Netherlands (CBS) and the Economic Institute for Construction (Economisch Instituut voor de Bouw, EIB) at a European level.

What is the COEN?

The COEN is a survey that interviews entrepreneurs each quarter about relevant topics, such as developments in turnover, profitability, investments, and staffing levels. Business owners answer questions about experiences in the past quarter and expectations for the current quarter. The business confidence survey combines various of these topics to identify an overall sentiment. This business confidence indicator is available for the Netherlands as a whole, and for various sectors and industries. Based on the results of the COEN, CBS also publishes monthly figures on producer confidence in the manufacturing industry.

4th quarter (2022) - business confidence indicator

Business confidence, the mood indicator of the entrepreneurial Netherlands, is at -0.9 at the start of the fourth quarter of 2022. This means that business confidence is negative again for the first time since the first quarter of 2021. Sentiment fell in almost all industries, with about half of them going from positive to negative. Business confidence fell the most in the Accommodation and food serving sector.

Read about these expectations and conclusions in the COEN Netherlands Business Survey report (pdf, in Dutch) for the 4rth quarter of 2022.

Click here for the report on the CBS website.

Business confidence fell from 8.2 to -0.9 in the fourth quarter of 2022. In the construction industry (9.7), Information and communication (5.9) and Sale and repair of motor vehicles (5.5), business confidence is relatively the highest. Entrepreneurs in mining and quarrying (-19.6), Accommodation and food serving (-12.2) and Renting, buying and selling real estate (-2.9) are relatively the most negative.

Expectations Q3 2022Obstacles entrepreneurs perceive Q3 2022

On balance, entrepreneurs expect an increase in turnover (13.7%), investments (3.4%), exports (9.6%) and personnel (16.2%) in 2023.

36.4 % of entrepreneurs experience a labour shortage. Also, shortage of production materials, insufficient demand, financial limitations, and weather conditions form the other obstacles. 19.3% of entrepreneurs do not experience any obstacles.

This information is provided by

Statistics Netherlands, CBS
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