Manufacturing output almost 10 percent up in October

Output growth in over 80 percent of the industries

In October, over 80 percent of all industries saw their output increase on an annual basis. With almost 57 percent, the machinery industry achieved the highest growth. In the transport equipment industry, however, production contracted again.

Manufacturing output at high level

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 1.1 percent is seen in manufacturing output between September and October 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 October 2021, it remained at a high level.

Producer confidence at new record high

In November 2021, the mood among Dutch manufacturers has improved again and reached the highest level since the survey started in 1985.

Germany is an important foreign market for the Dutch manufacturing industry. In November, German producer confidence according to the Business Climate Index of the IFO Institute fell due to a lower assessment of the current situation. Expectations, by contrast, brightened somewhat. In October, the average daily output generated by the German manufacturing industry fell by 1.2 percent year-on-year, as reported by Destatis. Relative to October 2019, it was lower by 5.5 percent.