Manufacturing output 4 percent down in August

09/10/2020 15:00

More recent figures are available on this topic. View the latest figures here.

In August 2020, the average daily output generated by the Dutch manufacturing industry was 4.0 percent down on August 2019. The year-on-year decrease is smaller than in the previous four months, as reported by Statistics Netherlands (CBS). In September, producer confidence improved for the fifth consecutive month.

Average daily output manufacturing (volume)
jaar	maand	change (year-on-year % change)
2016	September	2.3
2016	October	0
2016	November	3.4
2016	December	6.7
2017	January	0.4
2017	February	4.9
2017	March	3
2017	April	0.5
2017	May	5
2017	June	2.4
2017	July	2.7
2017	August	3.7
2017	September	4.8
2017	October	5.1
2017	November	5.3
2017	December	4.4
2018	January	7.5
2018	February	3.2
2018	March	3.8
2018	April	4.7
2018	May	2.9
2018	June	3.3
2018	July	0.9
2018	August	4
2018	September	1.7
2018	October	2.4
2018	November	1.3
2018	December	-4.3
2019	January	-0.6
2019	February	-0.1
2019	March	-0.8
2019	April	-0.3
2019	May	-0.9
2019	June	-2.5
2019	July	0
2019	August	-1.7
2019	September	1.2
2019	Oktober	0.5
2019	November	-1.6
2019	December	-1.2
2020	January	1.4
2020	February	-0.9
2020	March	-1.9
2020	April	-10.9
2020	May	-12.1
2020	June	-9.7
2020	July	-5.2
2020	August	-4

Average daily output manufacturing (volume)
jaar	maand	change (year-on-year % change)
2016	September	2.3
2016	October	0
2016	November	3.4
2016	December	6.7
2017	January	0.4
2017	February	4.9
2017	March	3
2017	April	0.5
2017	May	5
2017	June	2.4
2017	July	2.7
2017	August	3.7
2017	September	4.8
2017	October	5.1
2017	November	5.3
2017	December	4.4
2018	January	7.5
2018	February	3.2
2018	March	3.8
2018	April	4.7
2018	May	2.9
2018	June	3.3
2018	July	0.9
2018	August	4
2018	September	1.7
2018	October	2.4
2018	November	1.3
2018	December	-4.3
2019	January	-0.6
2019	February	-0.1
2019	March	-0.8
2019	April	-0.3
2019	May	-0.9
2019	June	-2.5
2019	July	0
2019	August	-1.7
2019	September	1.2
2019	Oktober	0.5
2019	November	-1.6
2019	December	-1.2
2020	January	1.4
2020	February	-0.9
2020	March	-1.9
2020	April	-10.9
2020	May	-12.1
2020	June	-9.7
2020	July	-5.2
2020	August	-4

Output decline in majority of industries

In August, over two thirds of the industries again saw their output decline on an annual basis. However, contraction was smaller in slightly over half of those industries compared to July. Of the eight largest industries within manufacturing, the repair and installation of machinery industry recorded the strongest output contraction.

Average daily output manufacturing (volume) by sector, August 2020
Category	change (year-on-year % change)
Chemical products	2.5
Electrical and electronics	-0.1
Food products	-0.2
Machinery	-2.1
Rubber and plastic products	-2.3
Metal products	-9.5
Transport equipment	-12.6
Repair and installation of machinery	-28.1

Manufacturing (total)	-4

Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Average daily output manufacturing (volume) by sector, August 2020
Category	change (year-on-year % change)
Chemical products	2.5
Electrical and electronics	-0.1
Food products	-0.2
Machinery	-2.1
Rubber and plastic products	-2.3
Metal products	-9.5
Transport equipment	-12.6
Repair and installation of machinery	-28.1

Manufacturing (total)	-4

Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

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 of 0.7 percent is seen in manufacturing output between July and August.

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 downward.

Seasonally adjusted average daily output manufacturing (volume)
jaar	maand	index (2015=100)
2016	September	102.3
2016	October	102.5
2016	November	105
2016	December	106.3
2017	January	103.1
2017	February	105.5
2017	March	105.2
2017	April	104.6
2017	May	106.6
2017	June	106.1
2017	July	106.1
2017	August	105.6
2017	September	107.3
2017	October	107.7
2017	November	109.7
2017	December	110.4
2018	January	110.5
2018	February	109.4
2018	March	109.4
2018	April	109.4
2018	May	109.6
2018	June	109.3
2018	July	107.6
2018	August	109.3
2018	September	109.1
2018	October	109.6
2018	November	110.2
2018	December	107
2019	January	109.6
2019	February	109.2
2019	March	108.8
2019	April	108.9
2019	May	108.5
2019	June	107.3
2019	July	107.5
2019	August	107.8
2019	September	109.5
2019	October	109.7
2019	November	108.4
2019	December	106.5
2020	January	109.8
2020	February	107.8
2020	March	106.5
2020	April	97.6
2020	May	96
2020	June	98.5
2020	July	102.4
2020	August	103.1

Seasonally adjusted average daily output manufacturing (volume)
jaar	maand	index (2015=100)
2016	September	102.3
2016	October	102.5
2016	November	105
2016	December	106.3
2017	January	103.1
2017	February	105.5
2017	March	105.2
2017	April	104.6
2017	May	106.6
2017	June	106.1
2017	July	106.1
2017	August	105.6
2017	September	107.3
2017	October	107.7
2017	November	109.7
2017	December	110.4
2018	January	110.5
2018	February	109.4
2018	March	109.4
2018	April	109.4
2018	May	109.6
2018	June	109.3
2018	July	107.6
2018	August	109.3
2018	September	109.1
2018	October	109.6
2018	November	110.2
2018	December	107
2019	January	109.6
2019	February	109.2
2019	March	108.8
2019	April	108.9
2019	May	108.5
2019	June	107.3
2019	July	107.5
2019	August	107.8
2019	September	109.5
2019	October	109.7
2019	November	108.4
2019	December	106.5
2020	January	109.8
2020	February	107.8
2020	March	106.5
2020	April	97.6
2020	May	96
2020	June	98.5
2020	July	102.4
2020	August	103.1

Producer confidence continues to rise in September

In September, confidence among Dutch manufacturers was less unfavourable for the fifth consecutive month. Manufacturers were mainly less negative about their order position.

Germany is an important foreign market for the Dutch manufacturing industry. According to the Business Climate Index of the IFO Institute, in September producer confidence also improved for the fifth consecutive month in Germany as well. Both opinions on future output and opinions on the current situation improved. In August, the average daily output generated by the German industry contracted by almost 12 percent year-on-year, as reported by Destatis. Contraction was just as large as in the previous month.

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

Sources

StatLine - Industry; production and sales

Output decline in majority of industries

Downward trend

Producer confidence continues to rise in September

Sources

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