Manufacturing output over 3 percent up in May

© Hollandse Hoogte
According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 3.2 percent up in May compared to the same month last year. The growth rate was lower than in April. For over two and a half years now, manufacturing output has continually been above the level of the same period year-on-year. The strongest growth in May 2018 was seen in the machinery industry.

Average daily output manufacturing (volume) (year-on-year % change)
 mutatie
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 J8
2018 F3.6
2018 M3.3
2018 A4.8
2018 M3.2

Strongest production growth in machinery industry

Output generated by the machinery industry was almost 7 percent up in May relative to the same month in 2017. The industries producing rubber and plastic products, transport equipment and electrotechnical products recorded above-average output growth as well.

Average daily output (volume) by sector, May 2018 (year-on-year % change)
 change
Machinery6.6
Rubber and plastic products5.4
Transport equipment5
Electrotechnical products3.4
Metal products1.4
Food products1
Pharmaceutical products-0.1
Chemical products-0.8
Manufacturing (total)3.2
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, an increase is seen in the manufacturing output in May of 0.4 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 (volume) (2010=100)
 index
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 J106.2
2017 F109.3
2017 M108.9
2017 A108.3
2017 M110.5
2017 J110.2
2017 J109.3
2017 A110
2017 S111.8
2017 O111.2
2017 N113.3
2017 D114.2
2018 J114.2
2018 F113
2018 M112.8
2018 A113.4
2018 M113.8

Manufacturers less confident

Dutch manufacturers were less confident in June 2018 than in the previous month. They were mainly less positive about their future output.

Germany is an important foreign market for the Dutch manufacturing industry. Confidence (i.e. the IFO index) was slightly less positive than in May. The average daily output generated by the German manufacturing industry was almost 4 percent higher in May 2018 than one year previously.

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

Sources

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