Manufacturing output over 3 percent up in October

According to Statistics Netherlands (CBS), the average daily output generated by the Dutch manufacturing industry was 3.4 percent up in October compared to the same month last year. The growth rate was slightly higher than in September. The transport equipment industry realised the strongest production growth.

Average daily output manufacturing (volume) (year-on-year % change)
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 January3.5
2016 February0.7
2016 March2.3
2016 April4.4
2016 May2.7
2016 June3.2
2016 July3.3
2016 August2.4
2016 September2.3
2016 October0
2016 November3.4
2016 December6.7
2017 January0.4
2017 February4.9
2017 March3
2017 April0.5
2017 May5
2017 June2.4
2017 July2.7
2017 August3.7
2017 September4.8
2017 October5.1
2017 November5.3
2017 December4.4
2018 January8.6
2018 February3.8
2018 March4.5
2018 April5.3
2018 May3.4
2018 June3.9
2018 July2.2
2018 August5.5
2018 September3.1
2018 October3.4

Strongest production growth in transport equipment industry

Output generated by the transport equipment industry was almost 10 percent up in October relative to the same month in 2017. The metal products and the machinery industry recorded above-average output growth as well.

Average daily output manufacturing (volume) by sector, October 2018 (year-on-year % change)
Transport equipment9.9
Metal products8.3
Rubber and plastic products2.3
Food products1
Chemical products-1.1
Electrotechnical products-3.1
Pharmaceutical products-14.3
Manufacturing (total)3.4

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 October 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) (2015=100)
2014 November98.6
2014 December98.1
2015 January99
2015 February100.2
2015 March99.7
2015 April99.7
2015 May99.5
2015 June100.6
2015 July99.9
2015 August98.8
2015 September99.3
2015 October101.4
2015 November101.5
2015 December100.4
2016 January101.9
2016 February101.1
2016 March102.1
2016 April103.4
2016 May102.1
2016 June103.3
2016 July102.9
2016 August101.7
2016 September102.3
2016 October102.5
2016 November105
2016 December106.3
2017 January103.1
2017 February105.5
2017 March105.2
2017 April104.6
2017 May106.6
2017 June106.1
2017 July106.1
2017 August105.6
2017 September107.3
2017 October107.7
2017 November109.7
2017 December110.4
2018 January111.1
2018 February109.7
2018 March110
2018 April109.8
2018 May110.2
2018 June110.1
2018 July109.3
2018 August111.2
2018 September111
2018 October111.5

Producer confidence increases

Producer confidence among Dutch manufacturers increased in November 2018. Producers were mainly more positive about their future output and their stocks of finished products. The confidence indicator stands well above its long-term average over the past two decades.

Germany is an important foreign market for the Dutch manufacturing industry. In November, confidence of German manufacturers (i.e. the IFO index) decreased. They were markedly less optimistic about both the current economic situation and their future output, as a result of growing uncertainty in the global market. In October, the average daily output generated by the German manufacturing industry was over 1 percent higher than in the same month one year previously.

With effect from the reporting month October 2018, manufacturing output figures are published using 2015 as the base year (previously 2010=100). Adjustments have also been made to the method used. As a consequence, results published in this news release may differ from the results as published based on 2010 (2010=100).

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


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