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)

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

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

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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