Manufacturing output in November grows again

According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 2.9 percent up in November 2016 from November 2015. The growth rate was significantly higher than in October. Over the past fourteen months, manufacturing output has continually been above the level of the same month one year previously. The electrical equipment industry showed the strongest growth.

Average daily output manufacturing (volume)
Average daily output manufacturing (volume)
 change
2013 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 O0.4
2016 N2.9

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.

Average daily output by sector
Average daily output by sector
 % change
Electrotechnical products10
Transport equipment8.1
Chemical products6.9
Rubber and plastic products6.8
Machinery5.2
Metal products1.7
Food products0.6
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.

Seasonally adjusted average daily output manufacturing
Seasonally adjusted average daily output manufacturing
 index
2013 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 A104.3
2016 S104.9
2016 O105.4
2016 N106.9

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.

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