The average daily output generated by Dutch manufacturing industry was 1.4 percent up in March 2014 from March 2013. The growth was less substantial than in February (5.1 percent) and January (3.3 percent).
Output increased most notably by 5.5 percent in the sector (basic) metal products. Output levels in the sectors petroleum, chemical, rubber and plastic products (4.6 percent), electrical products and machinery (3.4 percent) and transport equipment (1.8 percent) were also higher than twelve months previously. Output generated by the sector food, drinks and tobacco products, on the other hand, fell by 1.6 percent.
Average daily output manufacturing industry (volume)
Seasonally adjusted figures provide a more reliable picture of short-term output developments. In December 2013, manufacturing output reached the highest level in six years. Subsequently, output declined in January 2014 relative to December 2013, grew in February and declined again in March.
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.