Declining growth manufacturing output

10/05/2016 15:00
© Kees van de Veen
According to Statistics Netherlands (CBS), the average daily output generated by Dutch manufacturing industry in March 2016 was 0.3 percent up from the same month last year. The growth was smaller than in the previous months. The transport equipment and electrical appliances industries realised the highest output growth, the pharmaceutical industry the lowest growth.

 

Average daily output manufacturing (volume)

Again considerable production growth in transport equipment industries

Output generated by the transport equipment industry (cars, buses, lorries) grew by almost 14 percent. Output growth in the food sector, the electrical appliances and the metal products industry was also above average. The production of the pharmaceutical, the machine, the rubber and plastic industry, and the chemical industry was lower compared to March 2015.

Average daily output by sector


Altogether, the branches referred to in the above graph account for approximately 70 percent of total manufacturing output.

Trend manufacturing output is positive

Figures adjusted for seasonal variation and calendar effects provide a more reliable picture of short-term output developments. From February 2016 to March 2016 manufacturing output decreased. Manufacturing output adjusted for seasonal variation shows an irregular pattern with many ups and downs, but since mid-2014, the trend has been upward.

Seasonally adjusted average daily output manufacturing

Confidence among Dutch manufacturers reached the highest level in 5 years

A few weeks ago Statistics Netherlands (CBS) reported that the confidence among Dutch manufacturers improved further in April reaching the highest level in 5 years. Confidence among manufacturers is well above its long-term average over the past two decades. Since October 2014, optimism has prevailed among Dutch manufacturers.

The mood among German manufacturers also improved in April compared to March. Germany is an important foreign market for Dutch manufacturing industry.

The numbers in this publication are provisional and can be adjusted

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