Manufacturing output in November grows again
Electrical equipment industry shows strongest growth
Output generated by the sector electrical equipment was 10.0 percent up in November 2016 from November last year. The rise in production of transport equipment, chemical products, rubber and plastic products and machinery was also above average. Output generated by the pharmaceutical industry declined substantially relative to November 2015.
| % change | |
|---|---|
| Electrotechnical products | 10 |
| Transport equipment | 8.1 |
| Chemical products | 6.9 |
| Rubber and plastic products | 6.8 |
| Machinery | 5.2 |
| Metal products | 1.7 |
| Food products | 0.6 |
| Pharmaceutical products | -18.3 |
| Manufacturing (total) | 2.9 |
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 October to November 2016, manufacturing output grew by 1.4 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.
Producer confidence is higher
A few weeks ago, CBS reported that confidence among Dutch manufacturers improved in December, mainly due to a more positive mood among manufacturers about their order books and their future output.
Germany is an important foreign market for Dutch manufacturing industry. Just as their Dutch counterparts, German manufacturers were more optimistic in December than in November.
The numbers in this publication are provisional and can be adjusted.
Sources
Related items
- Dossier - Business Cycle