Sustained growth manufacturing output

© Hollandse Hoogte
According to Statistics Netherlands (CBS), the average daily output generated by Dutch manufacturing industry was 1.6 percent up in June 2016 from the same month last year. The growth rate was higher than in May. Output realised in the sector transport equipment increased noticeably in June, but output slumped in the electrical equipment industry.

Average daily output manufacturing (volume)

Considerable output growth transport equipment sector

Output generated by the sector transport equipment (cars, buses and trucks) grew 11.4 percent. Output growth in the pharmaceutical industry, rubber and plastic products and the food sector was also above average. Production realised in the machinery and the electrical equipment industry, on the other hand, declined relative to June 2015.

Average daily output by sector

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

Positive trend manufacturing output

Figures adjusted for seasonal effects and the working-day pattern provide a more reliable picture of short-term output developments. From May to June 2016, manufacturing output grew by 0.7 percent.

Adjusted for seasonal variation, manufacturing output shows an irregular pattern with many ups and downs, but since mid-2014, the trend has been upward.

Seasonally adjusted average daily output manufacturing

Mood among Dutch manufacturers remains positive

As CBS reported last week, confidence among Dutch manufacturers has hardly changed in July. The producer confidence indicator stood at 5.1 in July, down from 5.4 in June, when the highest level in more than 5 years was reached.

Germany is an important foreign market for Dutch manufacturing industry. The mood among German manufacturers also slightly deteriorated in July compared to June.

The numbers in this publication are provisional and can be adjusted.

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