Manufacturing output over 1 percent down in November

© Hollandse Hoogte
The average daily output generated by the Dutch manufacturing industry was 1.3 percent down in November 2019 compared to the same month one year previously. The year-on-year decline follows two months of modest output growth. This is reported by Statistics Netherlands (CBS).

Average daily output manufacturing (volume) (year-on-year % change)
jaarmaandchange
December2.9
2016January3.5
February0.7
March2.3
April4.4
May2.7
June3.2
July3.3
August2.4
September2.3
October0
November3.4
December6.7
2017January0.4
February4.9
March3
April0.5
May5
June2.4
July2.7
August3.7
September4.8
October5.1
November5.3
December4.4
2018January7.5
February3.2
March3.8
April4.7
May2.9
June3.3
July0.9
August4
September1.7
October2.4
November1.3
December-4.3
2019January0.2
February0.4
March-0.4
April-0.5
May-1.2
June-2.7
July-0.1
August-1.2
September1.4
Oktober0.8
November-1.3

Production growth in machinery industry

Of the eight largest industries within manufacturing, only the machinery industry recorded output growth (13.1 percent). Most of the other industries saw their output decline as well.

Average daily output manufacturing (volume) by sector, November 2019 (year-on-year % change)
Categorychange
Machinery13.1
Food products-0.4
Chemical products-1.5
Repair and installation of machinery-3.4
Electrical and electronics-4.7
Metal products-5.5
Rubber and plastic products-6
Transport equipment-10.8
Manufacturing (total)-1.3
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, a decrease is seen in manufacturing output between October and November of 1.1 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 relatively stable.

Seasonally adjusted average daily output manufacturing (volume) (2015=100)
jaarmaandindex
December100.4
2016January101.9
February101.1
March102.1
April103.4
May102.1
June103.3
July102.9
August101.7
September102.3
October102.5
November105
December106.3
2017January103.1
February105.5
March105.2
April104.6
May106.6
June106.1
July106.1
August105.6
September107.3
October107.7
November109.7
December110.4
2018January110.5
February109.4
March109.4
April109.4
May109.6
June109.3
July107.6
August109.3
September109.1
October109.6
November110.2
December107
2019January110.1
February109.5
March109.0
April108.7
May108.3
June107.1
July107.9
August108.4
September110.2
October110.2
November109.0

Producer confidence hardly changed

Producer confidence among Dutch manufacturers hardly changed in December 2019. Manufacturers were less positive about their future output, but more positive about their order position and stocks.

Germany is an important foreign market for the Dutch manufacturing industry. According to the IFO index in manufacturing the business climate index improved in December. German manufacturers were mainly less negative about their future output.

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

Sources

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