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.

1st quarter (2022) - business confidence indicator

At the start of the 1st quarter of 2022, the business confidence indicator for the Dutch business climate stood at 6.4; a sharp decline compared to the previous quarter. Business confidence has been up and down since the coronavirus pandemic, and strongly linked to the corona measures in place at the time. This is especially true for the industries directly affected by lockdowns. For example, sentiment in the hotel and catering industry changed completely again in early 2022, making business confidence in this sector the lowest of all the industries. Despite the sharp drop, business confidence in early 2022 was higher than in the 1st quarter of 2021. These and more expectations and opinions can be found in the Business Survey Netherlands.

Download the COEN Business Survey Netherlands for Q1 of 2022 (pdf, in Dutch).

Visual representation of the level of business confidence in the 1st quarter 2022, amounting to a 6.4, down from 19.8 in the 4th quarter 2022.

Business confidence decreased from 19.8 to 6.4 in the 1st quarter of 2022. Relatively speaking, business confidence is highest in construction (23.1), transportation and storage (14.1), and business services (12.4). The sentiment among entrepreneurs in the accommodation and food serving industry (-35.3), retail trade (-5.0), and sale and repair of motor vehicles (1.7) is relatively the most negative.

Visual representation entrepreneurs expectations for 2022.Visual representation of the obstacles entrepreneurs currently face.
On balance, -1.2% of entrepreneurs expects a decrease in turnover. Expectations for sales prices (46.1%), personnel (17.3%), investments (8.1%), and exports (7.0%) are positive on balance. 27.7% of entrepreneurs experience labour shortages. Other obstacles include production materials, insufficient demand, financial limitations, and weather conditions. 27.2% of business owners do not report experiencing any obstacles.

Next Business Survey Results

The Business Survey Netherlands is a cooperation between CBS (Statistics Netherlands), EIB (Economic Institute for Construction), KVK (Netherlands Chamber of Commerce), MKB Nederland, and VNO-NCW (Confederation of Netherlands Industry and Employers). The results of the Business Survey Netherlands for the 2nd quarter of 2022 will be published end of May 2022. The data for the next publication are collected in April.

This information is provided by

Statistics Netherlands, CBS