Manufacturing output 17.9 percent up in June

Output growth in machinery industry exceptionally large

In June, almost all industries saw their output grow on an annual basis. With 68 percent, the machinery industry achieved by far the highest growth.

Manufacturing output at highest level ever

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 4.4 percent is seen in manufacturing output between May and June 2021.

Adjusted for seasonal and working-day effects, manufacturing output is seen to fluctuate significantly. In spring 2020, output declined rapidly and a low point was reached in May 2020. After that, output picked up again. In June 2021, it was at its highest level ever.  

Producer confidence at record level

In July 2021, the mood among Dutch manufacturers improved again. Producer confidence stood at the highest level since the survey started in 1985.

Germany is an important foreign market for the Dutch manufacturing industry. In July, German producer confidence was less positive than in June according to the Business Climate Index of the IFO Institute. Companies reported improved business, but optimism declined with regard to expectations. In June, the average daily output generated by the German manufacturing industry grew by nearly 7 percent year-on-year, as reported by Destatis. Compared to June 2019, however, output was still nearly 8 percent lower.