Manufacturing output 0.3 percent up in January

© Hollandse Hoogte / Frank Muller / Zorginbeeld
In January 2020, the average daily output generated by the Dutch manufacturing industry was 0.3 percent up from one year previously. Output showed a year-on-year decline in the preceding two months, as reported by Statistics Netherlands (CBS).

Average daily output manufacturing (volume) (year-on-year % change)
jaarmaandchange
2016February0.7
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
Oktober0.7
November-1.5
December-1.3
2020January0.3

Production growth in machinery industry

Of the eight largest industries within manufacturing, the machinery industry recorded the highest output growth. Slightly over half of the other industries saw their output decline on an annual basis.

Average daily output manufacturing (volume) by sector, January 2020 (year-on-year % change)
Categorychange
Machinery15.1
Repair and installation of machinery5.3
Electrical and electronics2.9
Food products-1.2
Chemical products-1.3
Rubber and plastic products-2.5
Transport equipment-8.1
Metal products-8.2
Manufacturing (total)0.3
Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Trend fairly 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, an increase is seen in manufacturing output between December and January of 3.1 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 fairly stable.

Seasonally adjusted average daily output manufacturing (volume) (2015=100)
jaarmaandindex
2016February101.1
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
April108.7
May108.3
June107.1
July107.9
August108.4
September110.2
October110
November108.7
December106.7
2020January110

Dutch manufacturers more positive

Producer confidence among Dutch manufacturers has improved in February 2020. Manufacturers were mainly more positive about their future output and order position.

Germany is an important foreign market for the Dutch manufacturing industry. According to the IFO institute, manufacturing is showing signs of recovery. For the third consecutive month, in February German manufacturers are less negative compared to the previous month. They are mainly less negative about their future output. In January, the average daily output generated by the German manufacturing industry was over 2 percent lower than in the same month one year previously. This is reported by Destatis.

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

Sources

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