In November 2004 the turnover of the Dutch manufacturing industry was 15 percent higher than in November 2003. This was mainly due to higher selling prices and the fact that November 2004 had two working days more than November 2003. Dutch industrial production in the period October–November 2004 did not change on August–September, according to the latest preliminary figures of Statistics Netherlands.
Turnover up due to selling prices and working day pattern
In November 2004 the turnover abroad by the Dutch manufacturing industry was up by 17 percent on November 2003. On the domestic market, turnover increased by 12 percent. In total the turnover of the Dutch manufacturing industry was 15 percent higher.
Turnover was positively influenced by selling prices, which were on average 8 percent higher than in November 2003. The higher selling prices were mainly due to the substantial price rises in the oil, chemical and rubber industries. Furthermore November 2004 had two more working days than November 2003. Statistics Netherlands estimates the positive effect of this on turnover at 5 percent.
Industrial production unchanged
Dutch industrial production in the period October–November 2004 remained unchanged compared to the period August–September 2004, once the adjustments for prices, working day patterns and seasonal influences were made. The production for raw materials and semi-manufactured goods increased in the period October–November 2004. On the other hand, the production of consumer goods fell. Production of investment goods remained about the same.
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