Average daily output manufacturing (volume) jaar maand change (year-on-year % change) 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 2020 August -3.6 2020 September -6.8
|jaar||maand||change (year-on-year % change)|
Output decline in majority of industries
In September, almost two-thirds of the industries again saw their output decline on an annual basis. Contraction was also larger in most of those industries compared to August. Of the eight largest industries within manufacturing, the repair and installation of machinery industry recorded the strongest output contraction. However, the important chemical industry recorded higher year-on-year production for the third month in a row.
|Category||change (year-on-year % change)|
|Electrical and electronics||-4.5|
|Rubber and plastic products||-4.5|
|Repair and installation of machinery||-31.2|
|Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output|
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 1.0 percent is seen in manufacturing output between August and September.
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.
Recovery of producer confidence is faltering in October
After five consecutive months in which confidence among Dutch manufacturers improved, confidence deteriorated slightly in October. Manufacturers were more negative about their future output. The industrial capacity utilisation rate stood at 79.2 percent at the start of Q4 2020. This was higher than the 76.9-percent rate at the start of Q3.
Germany is an important foreign market for the Dutch manufacturing industry. According to the Business Climate Index of the IFO Institute, producer confidence improved in October for the sixth consecutive month and was back in positive territory for the first time since June 2019. A great many more companies were satisfied with their current situation. However, recent optimism about the coming months has evaporated. In the past quarter, capacity utilisation increased considerably, from 75.3 points to 79.8 points. In September, the average daily output generated by the German industry contracted by almost 9 percent year-on-year, as reported by Destatis.The year-on-year decrease is smaller than in the previous six months.