Manufacturing output 14.1 percent up in July
Average daily output manufacturing (volume) jaar maand change (year-on-year % change) 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 1.7 2020 February -0.5 2020 March -1.4 2020 April -10.5 2020 May -11.7 2020 June -9.1 2020 July -4.3 2020 August -3.4 2020 September -5.8 2020 October -3.5 2020 November -2.3 2020 December 0.5 2021 January 1.1 2021 February -2 2021 March 3.3 2021 April 13.1 2021 May 16.2 2021 June 17.9 2021 July 14.1
|jaar||maand||change (year-on-year % change)|
Output growth in more than three-quarters of the industries
In July, more than three-quarters of all industries saw their output increase on an annual basis. With 63.8 percent, the machinery industry achieved by far the highest growth. However, production contracted in the transport equipment industry. Because of a chip shortage a number of factories were forced to halt production temporarily in July.
|Category||change (year-on-year % change)|
|Electrical and electronics||16.1|
|Rubber and plastic products||7.2|
|Repair and installation of machinery||-5.3|
|Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output|
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 1.3 percent is seen in manufacturing output between June and July 2021.
Adjusted for seasonal and working-day effects, manufacturing output is seen to fluctuate significantly. In the spring of 2020, output declined rapidly and a low point was reached in May 2020. After that, output picked up again. In July 2021, it was at its highest level ever.
Dutch manufacturers less positive in August
In August 2021, the mood among Dutch manufacturers deteriorated. However, producer confidence was still well above the average of the past two decades.
Germany is an important foreign market for the Dutch manufacturing industry. In August, German producer confidence was less positive than in July according to the Business Climate Index of the IFO Institute. Opinions on the present level of business activity deteriorated, and optimism declined with regard to expectations. In July, the average daily output generated by the German manufacturing industry grew by over 6 percent year-on-year, as reported by Destatis. Compared to July 2019, however, output was still nearly 6 percent lower.
The figures published in this news release are provisional and subject to revisions.
Due to technical problems, the corresponding StatLine table has not been updated with the recent figures for July. This table will be published on Monday 13 September.
- StatLine - Industry; production and sales
- Dossier - Business Cycle