The average daily output in the Dutch manufacturing industry was more than 2 percent higher in October than one year previously. This is after correction for the effect of the composition of working days. For nine months in succession now production has been higher than in the same month last year.
Production was higher in nearly all sectors of industry; it was only lower than twelve months previously in paper, printing and publishing. The increase was largest in the food, beverages and tobacco industry.
To get a more reliable idea of the short-term developments in production, it is best to look at production after correction of seasonal effects. As the corrected figures are often erratic, the two-month average compared with the previous two-month average is used for this.
After correction for working day and seasonal effects, manufacturing production was the same in the period September-October as in the period July-August this year. More investment goods and less raw materials and semi-manufactured goods were produced than in July-August this year.