Manufacturing output over 5 percent up in September

© Hollandse Hoogte / Marco van Middelkoop luchtfotografie
According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 5.2 percent up in September 2017 compared to the same month last year. The growth rate was higher than in August. For two years now, manufacturing output has continually been above the level of the same period year-on-year. The strongest growth was seen in the transport and electrotechnical equipment industry.

Average daily output manufacturing (volume)
 change
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 J2.7
2017 A4.1
2017 S5.2

Strongest production growth in transport and electrotechnical equipment industry

Output generated by the transport and electrotechnical equipment industry was 15.5 percent up in September 2017 relative to the same month last year. The industries producing machinery, metal products, pharmaceuticals and rubber and plastic products recorded above-average output growth as well.

Average daily output by sector, september 2017
 % change
Transport equipment15.5
Electrotechnical products15.5
Machinery15.4
Metal products7.5
Pharmaceutical products6.3
Rubber and plastic products5.4
Food products1.9
Chemical products0.6
Manufacturing (total)5.2

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

Manufacturing output at highest level ever

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, an increase is seen in the manufacturing output in September of 1.4 percent on the previous month. It reached the highest level ever.

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 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 M110.1
2017 J110.1
2017 J109.1
2017 A109.8
2017 S111.3

Producer confidence hardly changes

Producer confidence hardly changed in October 2017. The confidence indicator is well above its long-term average in the past two decades.

Germany is an important foreign market for the Dutch manufacturing industry. Confidence (i.e. the IFO index) hit a new record high in October. Manufacturers were markedly more satisfied with their ongoing business. The average daily output generated by the German manufacturing industry was 4.3 percent higher in September 2017 than one year previously.

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

Sources

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