Manufacturing output almost 1 percent down in August

© Hollandse Hoogte / Flip Franssen
The average daily output generated by the Dutch manufacturing industry was 0.8 percent down in August 2019 compared to the same month last year. Output declined for the sixth consecutive month. This is reported by Statistics Netherlands (CBS).

Average daily output manufacturing (volume)
jaarmaandchange (year-on-year % change)
2015September-0.6
2015October2.5
2015November1.9
2015December2.9
2016January3.5
2016February0.7
2016March2.3
2016April4.4
2016May2.7
2016June3.2
2016July3.3
2016August2.4
2016September2.3
2016October0
2016November3.4
2016December6.7
2017January0.4
2017February4.9
2017March3
2017April0.5
2017May5
2017June2.4
2017July2.7
2017August3.7
2017September4.8
2017October5.1
2017November5.3
2017December4.4
2018January7.5
2018February3.2
2018March3.8
2018April4.7
2018May2.9
2018June3.3
2018July0.9
2018August4
2018September1.7
2018October2.4
2018November1.3
2018December-4.3
2019January0.2
2019February0.4
2019March-0.4
2019April-0.5
2019May-1.2
2019June-2.7
2019July-0.4
2019August-0.8

Strongest production growth in machinery industry

Of the eight largest industries within manufacturing, the machinery industry recorded the largest output growth at almost 10 percent. Production also increased in the transport equipment and metal products industries. However, half of the industries saw their output decline.

Average daily output manufacturing (volume) by sector, August 2019
 change (year-on-year % change)
Machinery9.7
Transport equipment1.4
Metal products0.6
Food products-0.9
Repair and installation of machinery-1.3
Rubber and plastic products-5
Electrical and electronics-6.5
Chemical products-8.1
Manufacturing (total)-0.8
Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Slightly downward 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 manufacturing output between July and August 2019 of 0.9 percent.

Adjusted for seasonal and working-day effects, manufacturing output is seen to fluctuate significantly. From mid-2014 until the beginning of 2018, the overall trend was upward. Subsequently, the trend has been slightly downward.

Seasonally adjusted average daily output manufacturing (volume)
jaarmaandindex (2015=100)
2015September99.3
2015October101.4
2015November101.5
2015December100.4
2016January101.9
2016February101.1
2016March102.1
2016April103.4
2016May102.1
2016June103.3
2016July102.9
2016August101.7
2016September102.3
2016October102.5
2016November105
2016December106.3
2017January103.1
2017February105.5
2017March105.2
2017April104.6
2017May106.6
2017June106.1
2017July106.1
2017August105.6
2017September107.3
2017October107.7
2017November109.7
2017December110.4
2018January110.5
2018February109.4
2018March109.4
2018April109.4
2018May109.6
2018June109.3
2018July107.6
2018August109.3
2018September109.1
2018October109.6
2018November110.2
2018December107
2019January110.1
2019February109.5
2019March109
2019April108.7
2019May108.3
2019June107.1
2019July107.7
2019August108.6

Dutch manufacturers less positive

Producer confidence among Dutch manufacturers deteriorated in September 2019. However, confidence remains above the long-term average.

Germany is an important foreign market for the Dutch manufacturing industry. According to the IFO index, in manufacturing the business climate index declined again in September and reached the lowest level after 2009. Manufacturers were once again less positive about their ongoing business. In August, the average daily output generated by the German manufacturing industry was 4 percent lower than in the same month last year.

The figures published in this news release are provisional and subject to revisions.

Sources

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