In June 2005 turnover of Dutch manufacturing industry was higher than one year ago. Compared to June last year, turnover increased 5 percent, mainly due to higher selling prices. Manufacturing output hardly changed compared to June 2004, according to recent figures published by Statistics Netherlands.
Higher turnover due to higher selling prices
Approximately three-quarters of the 8 percent turnover increase in June 2005 are due to higher selling prices. The sharpest growth in turnover occurred in the sectors petroleum, chemicals and rubber, where turnover was 18 percent up on June last year and prices rose by 16 percent.
Manufacturing turnover for the entire second quarter of 2005 was also 8 percent higher than twelve months ago. Selling prices were on average 6 percent higher. In the first quarter turnover increased by 5 percent, prices by 6 percent.
Manufacturing output in June practically unchanged
Working-day adjusted output of Dutch manufacturing industry was more or less at the same level as in June 2004.
In the period May-June 2005 manufacturing output was, after correction for seasonal effects, 0.4 percent up on the period March-April. It was the second consecutive increase this year. A notable output growth was recorded in the sectors wood and building materials, furniture and other manufacturing industry. This was also the case in the preceding period.
Output of raw materials and semi-fabricated goods increased considerably in the period May-June 2005, compared to March-April. The production of investment and consumer goods increased marginally.
PDF contains complete press release, including tables and graphics.