Sustained growth manufacturing output

According to Statistics Netherlands (CBS), the average daily output generated by Dutch manufacturing industry was 2.5 percent up in July 2016 from the same month last year. The growth rate was somewhat lower than in June. Over the past ten months, manufacturing output has always been above the level of the same month one year previously. Output realised in the food sector increased most noticeably in July.

Average daily output manufacturing (volume)
Average daily output manufacturing (volume)
2012 A0.3
2012 S-1.7
2012 O-2.1
2012 N0.3
2012 D0.1
2013 J-3.4
2013 F-2
2013 M-4.8
2013 A-1.6
2013 M-1.7
2013 J-1.4
2013 J-0.7
2013 A-1.8
2013 S-0.6
2013 O1.8
2013 N0.8
2013 D2.4
2014 J3.8
2014 F5.6
2014 M1.2
2014 A3.3
2014 M0.6
2014 J-1.7
2014 J2.9
2014 A0.8
2014 S0.8
2014 O0.1
2014 N-0.3
2014 D-3.1
2015 J-1.3
2015 F-1.7
2015 M-0.2
2015 A-1.1
2015 M1.8
2015 J3.1
2015 J0.3
2015 A-1.1
2015 S-0.6
2015 O2.5
2015 N1.9
2015 D2.9
2016 J2.5
2016 F2
2016 M1.5
2016 A2.5
2016 M1.8
2016 J2.9
2016 J2.5

Considerable output growth food sector

Output generated by the sector food was 6.5 percent up in July from July 2015. Output growth in the chemical industry, the pharmaceutical industry, the rubber and plastic products industry and the transport equipment sector was also above average. Production realised in the machinery and the electrical equipment industry, on the other hand, declined relative to July 2015.

Average daily output by sector
Average daily output by sector
 % change
Food products6.5
Chemical products5.7
Pharmaceutical products4.3
Rubber and plastic products3.5
Transport equipment3.2
Metal products1.5
Electrotechnical products-2.2
Manufacturing (total)2.5

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 June to July 2016, manufacturing output declined by 0.8 percent.

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

Seasonally adjusted average daily output manufacturing
Seasonally adjusted average daily output manufacturing
2012 A102.8
2012 S101.6
2012 O100.3
2012 N102.5
2012 D103.5
2013 J100.5
2013 F100
2013 M100.8
2013 A100.9
2013 M100.2
2013 J101.4
2013 J100.6
2013 A101.2
2013 S101.5
2013 O102.2
2013 N102.9
2013 D105.3
2014 J103.9
2014 F104.8
2014 M101.6
2014 A104.3
2014 M101.8
2014 J100.2
2014 J103
2014 A102.4
2014 S102
2014 O102.1
2014 N102.6
2014 D102.1
2015 J103.1
2015 F103
2015 M102.2
2015 A102.5
2015 M103.4
2015 J103.6
2015 J103.3
2015 A101.5
2015 S102
2015 O104.7
2015 N104.4
2015 D104.4
2016 J105.9
2016 F105.1
2016 M103.6
2016 A105
2016 M105.2
2016 J106.4
2016 J105.5

Dutch manufacturers far less positive

By the end of last month, CBS reported that producer confidence was much lower in August. The producer confidence indicator stood at 1.2 in August, down from 5.1 in July, i.e. the most substantial decline in 5 years. However, optimism prevailed among Dutch manufacturers and their confidence is still above its long-term average over the past two decades (0.5).

Germany is an important foreign market for Dutch manufacturing industry. The mood among German manufacturers also deteriorated in August compared to July. The average daily output generated by German manufacturing industry was down in July from the same month last year.

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

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