In November 2012, the average daily output of the Dutch manufacturing industry was 0.7 percent up on November 2011. In the preceding month, manufacturing output was down 1.7 procent.
The increase in output is mainly due to the largest branche in manufacturing, i.e.petroleum, chemical, rubber and plastic products. This sector produced 7 percent more than in November 2011. Output in the sector electronics and machinery was up 3 percent. The sector transport equipment, on the other hand, produced 7 percent less than in November 2011. Output in the sectors food, drinks and tobacco and basic metals and metal products was also down.
Average daily output in manufacturing industry (volume)
Seasonally adjusted figures provide a more reliable picture of short-term production developments. Monthly figures adjusted for seasonal variation often show a somewhat erratic pattern. Therefore, the two-month average compared to the previous two-month average is a more accurate indicator. After correction for seasonal variation and the number of working days, manufacturing output in the period October-November was down by 0.8 percent on the period August-September.
The average daily output of the Dutch manufacturing industry has fluctuated around the same level for two years now.
Seasonally adjusted average daily output in manufacturing industry
For more information on economic indicators, see the Economic Monitor.