Manufacturing output continues to grow

© Hollandse Hoogte
According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 0.6 percent up in October 2016 from October 2015. The growth rate was significantly lower than in September. Over the past thirteen months, manufacturing output has continually been above the level of the same month one year previously. Again, the sector transport equipment showed the strongest growth.

Average daily output manufacturing (volume)
Average daily output manufacturing (volume)
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 J2.1
2016 F1.6
2016 M1.5
2016 A2.2
2016 M1.6
2016 J2.8
2016 J2.1
2016 A2.1
2016 S3
2016 O0.6

Transport equipment sector shows strongest growth

Output generated by the sector transport equipment was more than 11 percent up in October 2016 from October last year, due to an increase in the production of passenger cars and trucks. The production of rubber and plastic products, chemical products and the food sector was also above average, but output generated by the electrical equipment industry, the pharmaceutical industry and the metal products industry declined relative to October 2015.

Average daily output by sector
Average daily output by sector
 % change
Transport equipment11.6
Rubber and plastic products5.7
Chemical products3.4
Food products1.7
Metal products-0.6
Pharmaceutical products-3.1
Electrotechnical products-4.7
Manufacturing (total)0.6

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 September to October 2016, manufacturing output grew by 0.5 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 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 J105.5
2016 F104.8
2016 M103.7
2016 A104.7
2016 M104.9
2016 J106
2016 J104.9
2016 A104.1
2016 S104.8
2016 O105.3

Producer confidence is slightly lower

A few weeks ago, CBS reported that confidence among Dutch manufacturers deteriorated slightly in November, mainly due to a less positive mood among manufacturers about their future output.

Germany is an important foreign market for Dutch manufacturing industry. Just as their Dutch counterparts, German manufacturers were slightly less optimistic in November than in October. The average daily output generated by the German manufacturing industry was 1.3 percent higher in October 2016 than in October 2015.

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

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