Manufacturing output up in January

According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 1.5 percent up in January 2017 from January 2016. The growth rate was considerably lower than in December. Over the past sixteen months, manufacturing output has continually been above the level of the same month one year previously. The strongest growth was seen in the machinery industry.

Average daily output manufacturing (volume)
Average daily output manufacturing (volume)
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 O0.9
2016 N3.4
2016 D5.4
17 J1.5

Strongest production increase in machinery industry

Output generated by the machinery industry was 11.3 percent up in January from January last year while output rose by 11.2 percent in the sector transport equipment due to increased production of passenger cars. Production in the chemical and rubber and plastic products industry saw above-average growth as well. On the other hand, output generated by manufacturers of metal products, food products, electrotechnical equipment and pharmaceuticals declined relative to January 2016.

Average daily output by sector
Average daily output by sector
 % change
Transport equipment11.2
Chemical products9.4
Rubber and plastic products2.2
Metal products-0.5
Food products-2.5
Electrotechnical products-4.5
Pharmaceutical products-6.8
Manufacturing (total)1.5

Altogether, the industries referred to in the above graph account for approximately 70 percent of total manufacturing output.

Manufacturing output shows positive trend

A more accurate picture of short-term output developments is obtained when figures are adjusted for seasonal effects and the working-day pattern. After adjustments, a drop is seen in the manufacturing output in January of 2.6 percent on the previous month.

Production in general has been at a historically high level over the past few months. 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 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 O106
2016 N107.9
2016 D109.9
17 J107

Producers more confident again

A few weeks ago, CBS reported that confidence among Dutch manufacturers improved further in February; manufacturers are more positive about their order books in particular. Producer confidence has reached its highest level since March 2008.

Germany is an important foreign market for the Dutch manufacturing industry. German manufacturers were also more optimistic in February than in January, in particular about present production levels. Average daily output by German manufacturers was 0.6 percent higher in January 2017 than one year previously.

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

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