Manufacturing output over 4 percent up in November

According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 4.4 percent up in November 2017 compared to the same month one year previously. The growth rate was slightly higher than in October. For over two years now, manufacturing output has continually been above the level of the same period year-on-year. The strongest growth in November 2017 was seen in the pharmaceutical industry.

Average daily output manufacturing (volume)
Average daily output manufacturing (volume)
 change
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 A4.2
2017 S5.6
2017 O4.3
2017 N4.4

Strongest production growth in pharmaceutical industry

Output generated by the pharmaceutical industry was over 19 percent up in November 2017 relative to the same month in 2016. The industries producing transport equipment, electrotechnical equipment, machinery and rubber and plastic products recorded above-average output growth as well.

Average daily output by sector, November 2017
Average daily output by sector, November 2017
 % change
Pharmaceutical products19.4
Transport equipment18.2
Electrotechnical products12.3
Machinery8.6
Rubber and plastic products7
Food products4.5
Metal products2.9
Chemical products1.6
Manufacturing (total)4.4

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

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 November of 1.1 percent on the previous month. Production 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
Seasonally adjusted average daily output manufacturing
 index
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
2017 A109.7
2017 S111.6
2017 O111
2017 N112.2

Producer confidence hardly changed

Producer confidence hardly changed in December and reached the second highest level of 2017. Manufacturers were slightly less positive about their future output.

Germany is an important foreign market for the Dutch manufacturing industry. Confidence (i.e. the IFO index) in December was slightly lower than the record high in November. Just as their Dutch counterparts, German manufacturers were also less positive about their future output.

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

Sources

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