Producer confidence picks up

Statistics Netherlands (CBS) says confidence among Dutch manufacturers is improving. The producer confidence indicator stood at 3.4 in September, up from 1.2 in August. After the setback in August, producer confidence is on its way to recovery.

Since October 2014, optimism has prevailed among Dutch manufacturers. Manufacturers in the textiles, clothes and leather industry are the most positive.

Confidence among Dutch manufacturers is significantly above its long-term average over the past two decades (0.5). The business confidence indicator reached an all-time high (9.4) in January 2008, but dipped to an all-time low (- 23.5) more than one year later.

Producer confidence in manufacturing industry (seasonally adjusted)
Producer confidence in manufacturing industry (seasonally adjusted)
 balance
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
2016 A4.7
2016 M4.4
2016 J5.4
2016 J5.1
2016 A1.2
2016 S3.4

More positive about future output and order books, less positive about stocks

In September, Dutch manufacturers are more positive about their future output over the next three months than in August. They were also more positive about their order books, but less optimistic about their stocks of finished products.

In September 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 constitute a majority over those who think the opposite. Lastly, manufacturers who define their stocks of finished products as too small still outnumber those who define their stocks of finished products as too large.

Producers in the textiles, clothes and leather industry most positive

Manufacturers in the textiles, clothes and leather industry are most optimistic, followed by their counterparts in the paper and printing industry. Manufacturers in the textiles, clothes and leather industry are particularly positive about their future output. The mood among producers of transport equipment, on the other hand, is negative, mainly based upon their future output prospects. Confidence improved most noticeably among manufacturers of machinery and electrical equipment.

Producer confidence by sector (seasonally adjusted)
Producer confidence by sector (seasonally adjusted)
 balance
Textiles,clothes,leather10.5
Paper and printing7.2
Petreoleum,chemical,rubber,plastic5.9
Wood and construction5.3
Food,drinks,tobacco4.4
Electrotechnical products and machinery4.2
Metal3.4
Transport equipment-4.4

Sustained growth manufacturing output

The average daily output generated by Dutch manufacturing industry was 2.5 percent up in July 2016 from the same month last year. The increase was less substantial than in June. Output realised in the food sector was significantly higher in July, but production of electrical appliances slumped.

German manufacturers considerably more positive

Germany is an important foreign market for Dutch manufacturing industry. German manufacturers were also more optimistic in September than in August. Their confidence indicator reached the highest level in more than a year. The output level of German manufacturing industry was lower in July 2016 than in July 2015.

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