|year||month||balance (average of the component questions)|
Manufacturers mainly less positive about future output
In August, manufacturers are considerably less positive about their future output than in July. Manufacturers’ opinions on stocks of finished products have also deteriorated. Opinions on order positions, on the other hand, have improved slightly. Manufacturers are even more positive about their order positions than ever before.
Manufacturers’ opinions on all three component indicators are positive. Manufacturers who anticipate output to increase over the next three months outnumber those expecting a decrease. More manufacturers consider their order position to be strong rather than weak, given the time of year. There are fewer manufacturers who define their current stocks of finished products as too large rather than too small.
Confidence down in almost all industriesIn August, producer confidence fell in almost all manufacturing industries. However, in the timber and building materials industry, confidence still increased. Manufacturers of electrotechnical products and machinery were most positive.
|August 2021 (average of the component questions)||July 2021 (average of the component questions)|
|Electrotechnical products and machinery||20.4||23.2|
|Timber and building materials||19.7||18.8|
|Textiles, clothes, leather||17.8||18.6|
|Paper and printing||11.8||13.7|
|Food, beverages, tobacco||3.7||6.6|
Manufacturing output 17.9 percent up in JuneIn June 2021, the average daily output generated by the Dutch manufacturing industry was up by 17.9 percent on June 2020. Output was up by 16.4 percent in the previous month. Relative to June 2019, there was 7 percent output growth. This made up amply for the production loss in June 2020 due to the coronavirus pandemic.
Producer confidence down in Germany
Germany is an important foreign market for the Dutch manufacturing industry. In August, German producer confidence according to the Business Climate Index of the IFO Institute fell due to both lower expectations and a lower assessment of the current situation. In June, the average daily output generated by the German manufacturing industry grew by almost 7 percent year-on-year, as reported by Destatis. Relative to June 2019, however, it was still lower by nearly 8 percent.