Manufacturing output up in July

© Hollandse Hoogte
According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 3 percent up in July 2017 from July 2016. The growth rate was slightly lower than in June. For almost two years, manufacturing output has continually been above the level of the same month one year previously. The strongest growth was seen in the electrotechnical equipment industry.

Average daily output manufacturing (volume)
 change
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 J3.2
2016 F1.4
2016 M2.2
2016 A3.6
2016 M1.9
2016 J4
2016 J2.1
2016 A2.1
2016 S3.4
2016 O0.9
2016 N3.3
2016 D6
2017 J1
2017 F6
2017 M3.6
2017 A1.2
2017 M4.3
2017 J3.3
2017 J3

Strongest production growth in electrotechnical equipment industry

Output generated by the electrotechnical equipment industry was over 19 percent up in July 2017 from July last year. The industries producing transport equipment, machinery, rubber and plastic products, and metal products recorded above-average output growth as well. However, output generated by manufacturers of pharmaceuticals and chemical products was down from June 2016.

Average daily output by sector
 % change
Electrotechnical products19.1
Transport equipment13.1
Machinery12.2
Rubber and plastic products8.8
Metal products5.9
Food products1
Chemical products-2.2
Pharmaceutical products-21.3
Manufacturing (total)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 July of 0.7 percent on the previous month.

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
 index
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 J106.1
2016 F103.5
2016 M104.7
2016 A106.6
2016 M106.2
2016 J106.4
2016 J105.5
2016 A105
2016 S106.2
2016 O106.4
2016 N107.7
2016 D108.9
2017 J107.1
2017 F109.5
2017 M108.7
2017 A108.2
2017 M110.2
2017 J109.8
2017 J109

Manufacturers less confident in August

Confidence among Dutch manufacturers deteriorated in August. Manufacturers are notably less positive about their order books. Although confidence has deteriorated over two consecutive months, the indicator is still well above its long-term average during the past two decades.

Germany is an important foreign market for the Dutch manufacturing industry. Confidence among German manufacturers reached an all-time high in August. The average daily output generated by the German manufacturing industry was 4.5 percent higher in July 2017 than one year previously.

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

Sources

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