Dutch manufacturers more optimistic

According to Statistics Netherlands (CBS), confidence among Dutch manufacturers improved in March. The producer confidence indicator rose from 3.1 in February to 3.9 in March, because manufacturers were more positive about their future output. Since October 2014, optimism has prevailed among Dutch manufacturers. Manufacturers in the wood and construction industry are most optimistic.

According to Statistics Netherlands (CBS), confidence among Dutch manufacturers improved in March. The producer confidence indicator rose from 3.1 in February to 3.9 in March, because manufacturers were more positive about their future output. Since October 2014, optimism has prevailed among Dutch manufacturers. Manufacturers in the wood and construction industry are most optimistic.

Producer confidence in manufacturing industry (seasonally adjusted)
Producer confidence in manufacturing industry (seasonally adjusted)
 balance
2012 A-3.4
2012 M-4.9
2012 J-4.8
2012 J-5.4
2012 A-4.7
2012 S-6.6
2012 O-7.6
2012 N-6.8
2012 D-5.6
2013 J-5.6
2013 F-3.7
2013 M-5.1
2013 A-5.6
2013 M-4.1
2013 J-3.8
2013 J-3.1
2013 A-1.4
2013 S-2.4
2013 O-0.3
2013 N-0.3
2013 D0.1
2014 J0.7
2014 F-0.1
2014 M1.1
2014 A0.3
2014 M0.7
2014 J0.7
2014 J1.2
2014 A0
2014 S-0.2
2014 O2
2014 N2.4
2014 D3.4
2015 J2.8
2015 F2
2015 M1.4
2015 A3.3
2015 M4.1
2015 J4.6
2015 J3.7
2015 A3.5
2015 S3.8
2015 O2.4
2015 N4
2015 D3
2016 J3.2
2016 F3.1
2016 M3.9

Manufacturing industry more positive about future output

In March, Dutch manufacturers were more positive about their future output in the next three months, but they were less positive about their order books. Their opinions about their stocks of finished products hardly changed.

In March too, all three component indicators of producer confidence are positive. Manufacturers who anticipate output growth over the next three months outnumber those expecting output to decline during this period. Given the time of year, manufacturers who think the number of orders they received is large outnumber those who think the opposite. Lastly, manufacturers who define their stocks of finished products as too small still constitute a majority over those who define their stocks of finished products as too large.

Producers in the wood and construction industry most optimistic

Manufacturers in the wood and construction industry are most optimistic, followed by the food, beverages and tobacco industry. Manufacturers in the wood and construction sector are very positive about their order books. Manufacturers of transport vehicles and equipment are the least positive.

Producer confidence by sector (seasonally adjusted)
Producer confidence by sector (seasonally adjusted)
 balance
Wood and construction12.9
Food,drinks,tobacco7.8
Electrotechnical products and machinery4.8
Metal4.1
Paper and printing4.1
Textiles,clothes,leather3.7
Petreoleum,chemical,rubber,plastic3.1
Transport equipment0.3

Year-on-year manufacturing output higher in January

Several weeks ago, CBS reported that the average daily output generated by Dutch manufacturing industry in January 2016 was 2.8 percent higher than in January 2015. This is mainly due to considerable production growth in the electrical appliances and pharmaceutical industries.

German producer confidence also improved

Germany is an important foreign market for Dutch manufacturing industry. Just as among their Dutch colleagues, the mood among German manufacturers has improved in March compared to February. The year-on-year average daily output generated by German manufacturing industry was also higher in January 2016 than in January 2015.

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