Manufacturing output almost 11 percent up in November

Output growth in almost three-quarters of the industries

In November, almost three-quarters of all industries saw their output increase on an annual basis. With almost 59 percent, the machinery industry again achieved the highest growth.

Manufacturing output at its highest 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 0.6 percent is seen in manufacturing output between October and November 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 and in November 2021 it was at its highest level ever.

Manufacturers less optimistic

In December 2021, the mood among Dutch manufacturers was less positive. However, producer confidence was still well above its long-term average that month.

Germany is an important foreign market for the Dutch manufacturing industry. In December, German producer confidence according to the Business Climate Index of the IFO Institute rose again after having fallen for five consecutive months. There were more positive expectations on future output despite a somewhat lower assessment of the current output. In November, the average daily output generated by the German manufacturing industry fell by 2.4 percent year-on-year, as reported by Destatis.