Manufacturing output almost 3 percent up in September

According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 2.9 percent up in September compared to the same month last year. The growth rate was slightly lower than in August. Adjusted for seasonal variation, manufacturing output reached the highest level ever in September.

Average daily output manufacturing (volume) (year-on-year % change)
2014 October0.1
2014 November-0.3
2014 December-3.1
2015 January-1.3
2015 February-1.7
2015 March-0.2
2015 April-1.1
2015 May1.8
2015 June3.1
2015 July0.3
2015 August-1.1
2015 September-0.6
2015 October2.5
2015 November1.9
2015 December2.9
2016 January3.2
2016 February1.4
2016 March2.2
2016 April3.6
2016 May1.9
2016 June4
2016 July2.1
2016 August2.1
2016 September3.4
2016 October0.9
2016 November3.3
2016 December6
2017 January0.8
2017 February5.4
2017 March3.6
2017 April1.3
2017 May4.4
2017 June3.4
2017 July2.8
2017 August4.3
2017 September5.6
2017 October4.2
2017 November5.7
2017 December5.6
2018 January8
2018 February3.6
2018 March3.3
2018 April4.8
2018 May3.1
2018 June3.5
2018 July2.2
2018 August3.3
2018 September2.9

Strongest production growth in metal products industry

Output generated by the metal products industry was almost 6 percent up in September relative to the same month in 2017. The transport equipment industry recorded above-average output growth as well.

Average daily output manufacturing (volume) by sector, September 2018 (year-on-year % change)
Metal products5.7
Transport equipment4.5
Chemical products2.1
Electrotechnical products2.1
Food products1.6
Rubber and plastic products0.8
Pharmaceutical products-1.9
Manufacturing (total)2.9

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 manufacturing output in September 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 (volume) (2010=100)
2014 October102.1
2014 November102.6
2014 December102.1
2015 January103.1
2015 February103
2015 March102.2
2015 April102.5
2015 May103.4
2015 June103.6
2015 July103.3
2015 August101.5
2015 September102
2015 October104.7
2015 November104.4
2015 December104.4
2016 January106.1
2016 February103.5
2016 March104.7
2016 April106.6
2016 May106.2
2016 June106.4
2016 July105.5
2016 August105
2016 September106.2
2016 October106.4
2016 November107.7
2016 December108.9
2017 January106.2
2017 February109.3
2017 March108.9
2017 April108.3
2017 May110.5
2017 June110.2
2017 July109.3
2017 August110
2017 September111.8
2017 October111.2
2017 November113.3
2017 December114.2
2018 January114.2
2018 February113
2018 March112.8
2018 April113.2
2018 May113.8
2018 June113.8
2018 July112.7
2018 August114.1
2018 September114.9

Producer confidence hardly changes in October

Producer confidence among Dutch manufacturers has been fairly stable over the past three months. The overall trend has been downward since the start of this year. However, the confidence indicator remains well above its long-term average over the past two decades.

Germany is an important foreign market for the Dutch manufacturing industry. In October, confidence of German manufacturers (i.e. the IFO index) decreased significantly due to markedly less optimistic business expectations. Growing global uncertainty is increasingly taking its toll on the German economy. The average daily output generated by the German manufacturing industry hardly grew in September year-on-year.

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


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