Manufacturing output 0.4 percent up in October

© Hollandse Hoogte
The average daily output generated by the Dutch manufacturing industry was 0.4 percent up in October 2019 compared to the same month last year. The year-on-year increase was somewhat smaller than in the previous month. This is reported by Statistics Netherlands (CBS).

Average daily output manufacturing (volume)
jaarmaandchange (year-on-year % change)
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-0.1
2019August-1.2
2019September1.4
2019Oktober0.4

Strongest production growth in machinery industry

Of the eight largest industries within manufacturing, the machinery industry recorded the largest output growth at almost 24 percent. Production also increased in the electrotechnical products industry. However, most industries saw their output decline.

Average daily output manufacturing (volume) by sector, October 2019
Categorychange (year-on-year % change)
Machinery23.8
Electrical and electronics2.5
Transport equipment-0.3
Rubber and plastic products-1.1
Food products-3.8
Chemical products-5.1
Metal products-6.8
Repair and installation of machinery-15.5
Manufacturing (total)0.4
Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Trend virtually stable

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, manufacturing output remained more or less the same between September and October. 

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 relatively stable.

Seasonally adjusted average daily output manufacturing (volume)
jaarmaandindex (2015=100)
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
2019July107.9
2019August108.4
2019September110.2
2019October110.2

Manufacturers less positive

Producer confidence among Dutch manufacturers has deteriorated in November 2019. Manufacturers are mainly less positive about their future output compared to the previous month.

Germany is an important foreign market for the Dutch manufacturing industry. According to the IFO index in manufacturing the business climate index has deteriorated in November. German manufacturers are more negative about their ongoing business, but less negative about their future output. According to the German statistical office Destatis, the average daily output generated by the German manufacturing industry was down by over 6 percent year-on-year.

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

Sources

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