Sustained growth manufacturing output in December

According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 4.7 percent up in December 2016 from December 2015. The growth rate was higher than in November. Over the past fifteen months, manufacturing output has continually been above the level of the same month one year previously.

The growth rate for December completes the annual series. Subsequently, the rate for the entire year 2016 can also be calculated. Manufacturing output over 2016 was 2.4 percent up from 2015 and the highest growth rate in five years.

Average daily output manufacturing (volume)
Average daily output manufacturing (volume)
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 J2.3
2016 F1.8
2016 M1.7
2016 A2.4
2016 M1.8
2016 J2.9
2016 J2.3
2016 A2.2
2016 S3.1
2016 O0.3
2016 N2.9
2016 D4.7

Chemical industry accounts for highest output growth

Output generated by the chemical industry was 15.4 percent up. Output generated by the rubber and plastics industry was more than 13 percent above the level of December 2015. Production growth in the electro-technical and machinery industry was also above average. Output generated by the sector metal and pharmaceutical products declined relative to December 2015.

Average daily output by sector
Average daily output by sector
 % change
Chemical products15.4
Rubber and plastic products13.2
Electrotechnical products8.6
Food products3.8
Transport equipment2.2
Metal products-0.9
Pharmaceutical products-12.9
Manufacturing (total)4.7

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 November to December 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
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 J105.4
2016 F104.8
2016 M103.8
2016 A104.8
2016 M105.1
2016 J106.4
2016 J105.4
2016 A104.6
2016 S105.2
2016 O105.8
2016 N107.3
2016 D108.8

Producer confidence improves further

A few weeks ago, CBS reported that confidence among Dutch manufacturers improved further in January, mainly because manufacturers were more positive about their order books.

Germany is an important foreign market for Dutch manufacturing industry. German manufacturers were somewhat less optimistic in January than in December, in particular about their projected output. The average daily output generated by German manufacturing industry was lower in December 2016 than in December 2015.

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

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