In June 2004 turnover of the Dutch manufacturing industry was 13 percent up on June 2003. The increase in sales was mainly caused by two extra working days and higher selling prices. Production suffered a slight setback in the period May – June as provisional figures published by Statistics Netherlands show.
Higher turnover in June
In June 2004 turnover of the manufacturing industry was 13 percent up on one year previously. The increase was partly caused by two extra woking days in June 2004 compared to June 2003. Statistics Netherlands estimates this had a positive effect of 7 percent. In addition, selling prices were almost 5 percent higher, partiallly due to higher prices for oil products. Manufacturing turnover on the domestic market rose by 9 percent, exports by 17 percent.
Turnover of the manufacturing industry in the second quarter of this year was 7 percent up on last year’s second quarter. Selling prices on average rose by over 4 percent. In the first quarter of 2004 turnover was 2 percent higher than in the first quarter of 2003.
Marginal decline in production
Production of the Dutch manufacturing industry marginally declined in the period May – June 2004. After correction for prices, working days and seasonal effects, production was 0.5 percent down on the period May – April 2004. In the course of the first six months of 2004 there is no apparent upward or downward trend in production.
Interim figures on the first six months make the trend more manifest. In the first six months of 2004 production was almost 1 percent up on the last six months of 2003. Production of the manufacturing industry in the first six months of 2004 was at the same level as in the first six months of 2003. From the latter part of 2001 onwards production was continually below the level of the previous year.
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