Manufacturing output up in June

09/08/2017 15:00
According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 3.3 percent up in June 2017 from June 2016. The growth rate was slightly lower than in May. Over more than one and a half years, manufacturing output has continually been above the level of the same month one year previously. The strongest growth was seen in the transport equipment industry.

Average daily output manufacturing (volume)
y
-0,7
-1,8
-0,6
1,8
0,8
2,4
3,8
5,6
1,2
3,3
0,6
-1,7
2,9
0,8
0,8
0,1
-0,3
-3,1
-1,3
-1,7
-0,2
-1,1
1,8
3,1
0,3
-1,1
-0,6
2,5
1,9
2,9
3,2
1,4
2,2
3,6
1,9
4
2,1
2,1
3,4
0,9
3,3
6
1
6
3,6
1,2
4,4
3,3

Strongest production growth in transport equipment industry

Output generated by the transport equipment industry was more than 15 percent up in June 2017 from June last year. The industries producing machinery, electrotechnical equipment, rubber and plastic products, chemicals and metal products recorded above-average output growth as well. However, output generated by manufacturers of pharmaceuticals and food products was down from June 2016.

Average daily output by sector
y
15,3
13,6
8,2
6,7
6,3
4,1
-3,8
-20,7
3,3

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 decrease is seen in the manufacturing output in June of 0.3 percent on the previous month. However, production has been at its highest recorded level in 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
y
100,6
101,2
101,5
102,2
102,9
105,3
103,9
104,8
101,6
104,3
101,8
100,2
103
102,4
102
102,1
102,6
102,1
103,1
103
102,2
102,5
103,4
103,6
103,3
101,5
102
104,7
104,4
104,4
106,1
103,5
104,7
106,6
106,2
106,4
105,5
105
106,2
106,4
107,7
108,9
107,1
109,5
108,7
108,3
110,4
110,1

Manufacturers less confident in July

Confidence among Dutch manufacturers deteriorated slightly in July. Manufacturers are mainly less positive about their future output.

Germany is an important foreign market for the Dutch manufacturing industry. Confidence among German manufacturers reached an all-time high in July. The average daily output generated by the German manufacturing industry was 1.8 percent higher in June 2017 than one year earlier.

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

Sources

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