Decline manufacturing output slowing down

09/09/2013 09:30

The average daily output generated by Dutch manufacturing industry in July 2013 was 0.4 percent down from July 2012. Manufacturing output has been down from one year previously for seven months in a row now, but the decline in July was less substantial than in the first six months of 2013.

In various sectors of manufacturing industry, output was up from July 2012. Output generated by food, drinks and tobacco products has increased since January; in July output rose by 3.0 percent. The furniture industry also realised a 3.0 percent output growth. In most sectors of manufacturing industry output declined. Output in the sector transport equipment dropped by 6.5 percent. Output generated by the sector wood and construction materials and the sector petroleum, chemical, rubber and plastic products fell by 5.0 and 3.4 percent respectively.

Average daily output in manufacturing industry (volume)

Average daily output in manufacturing industry (volume)

Seasonally adjusted figures provide a more reliable picture of short-term output developments. Output grew by 0.7 percent in July relative to June. Adjusted for seasonal variation, output has grown marginally in recent months.

Seasonally adjusted average daily output in manufacturing industry

Seasonally adjusted average daily output in manufacturing industry

More figures can be found in the dossier Business cycle.

For more information on economic indicators, the reader is referred to the Economic Monitor.