Manufacturing output over 7 percent up in January

According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 7.1 percent up in January 2018 compared to the same month one year previously. This is the highest growth rate since March 2011. For over two years now, manufacturing output has continually been above the level of the same period year-on-year. The strongest growth in January 2018 was seen in the machinery industry again.

 mutatie
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 J0.8
2017 F5.4
2017 M3.6
2017 A1.3
2017 M4.4
2017 J3.4
2017 J2.8
2017 A4.3
2017 S5.6
2017 O4.2
2017 N5.7
2017 D5.6
2018 J7.1

 

Strongest production growth in machinery industry

Output generated by the machinery industry was almost 13 percent up in January 2018 relative to the same month in 2017. The industries producing chemical and rubber and plastic products recorded above-average output growth as well.

 change
Machinery12.9
Chemical products9
Rubber and plastic products8.3
Electrotechnical products7.1
Transport equipment5.7
Metal products4.4
Pharmaceutical products4.3
Food products3.9
Manufacturing (total)7.1

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

Production at high level

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 decrease is seen in the manufacturing output in January of 0.4 percent on the previous month. However, 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.

 index
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 J106.7
2017 F108.7
2017 M108.5
2017 A108.3
2017 M110.3
2017 J110.1
2017 J109.3
2017 A110
2017 S111.8
2017 O111.4
2017 N113.5
2017 D114.4
2018 J114

Producer confidence at record high again

Confidence among Dutch manufacturers stood at 10.9 in February, up from 10.3 in January. Never before were manufacturers so optimistic. In January, the previous record was already broken.
Germany is an important foreign market for the Dutch manufacturing industry. Confidence (i.e. the IFO index) dropped in February after hitting a record high in January. The average daily output generated by the German manufacturing industry was over 6 percent higher in January 2018 year-on-year.

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

Sources

Related items