The average daily production realised by Dutch manufacturing industry was 5.3 percent down in March 2013 from March 2012. The decline was much more substantial than in February, when manufacturing output was 1.3 percent down from one year previously.
With 14.3 percent, the most substantial decline was recorded in the sector wood and construction materials. Output generated by the sectors transport equipment (10.3 percent) and chemical, rubber and plastic products (10.2 percent) was also far below the level of March 2012, but the sector food, drinks and tobacco generated 1.1 percent output growth relative one year previously.
Average daily output in manufacturing industry (volume)
Seasonally adjusted figures provide a more reliable picture of short-term output developments. In March, output was 2.0 percent down from February. Manufacturing output dropped to the lowest level in three years.
Seasonally adjusted average daily output in manufacturing industry
More figures can be found in dossier Business cycle.
For more information on economic indicators, the reader is referred to the Economic Monitor.