Manufacturing output almost 14 percent up in April

© Hollandse Hoogte / Chris Keulen
In April 2022, the average daily output generated by the Dutch manufacturing industry was up by 13.7 percent on April 2021, according to Statistics Netherlands (CBS). Output grew by 7.6 percent in the previous month. Output is at a historically high level.

Average daily output manufacturing (volume)
jaarmaandchange (year-on-year % change)
2018May2.9
2018June3.3
2018July0.9
2018August4
2018September1.7
2018October2.4
2018November1.3
2018December-4.3
2019January-0.6
2019February-0.1
2019March-0.8
2019April-0.3
2019May-0.9
2019June-2.5
2019July0
2019August-1.7
2019September1.2
2019Oktober0.5
2019November-1.6
2019December-1.2
2020January1.7
2020February-0.5
2020March-1.4
2020April-10.5
2020May-11.7
2020June-9.1
2020July-4.3
2020August-3.4
2020September-5.8
2020October-3.5
2020November-2.3
2020December0.5
2021January1.1
2021February-1.9
2021March3
2021April12.9
2021May16.1
2021June17.6
2021July13.1
2021August8.6
2021September11.1
2021October9.6
2021November10.6
2021December12.9
2022January7.3
2022February10.5
2022March7.6
2022April13.7

Output growth in more than half of the industries

In April, more than half of all manufacturing industries saw their output increase on an annual basis. With 64.5 percent, the machinery industry again achieved the highest growth among the larger industries. In the transport equipment industry, however, output contracted again, by approximately 1 percent. The decline in April was less substantial than in previous months.

Average daily output manufacturing (volume) by sector, April 2022
Categorychange (year-on-year % change)
Machinery64.5
Repair and installation of machinery9.9
Metal products9.4
Electrical and electronics8
Food products3.1
Chemical products1.3
Rubber and plastic products-0.1
Transport equipment-1.2
Manufacturing (total)13.7
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 5.3 percent is seen in manufacturing output between March and April.

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 April, output reached its highest level ever.

Seasonally adjusted average daily output manufacturing (volume)
2018May109,6 (2015=100)
June109.3
July107.6
August109.3
September109.1
October109.6
November110.2
December107
2019January109.6
2019February109.2
2019March108.8
2019April108.9
2019May108.5
2019June107.3
2019July107.5
2019August107.8
2019September109.5
2019October109.7
2019November108.4
2019December106.5
2020January109
2020February108.4
2020March106
2020April97.4
2020May96.5
2020June99.4
2020July103.4
2020August104
2020September104.2
2020October106.2
2020November106.3
2020December107.1
2021January110.9
2021February106.8
2021March110
2021April110.3
2021May112.1
2021June115
2021July116.2
2021August113.6
2021September115.2
2021October116.6
2021November117.6
2021December120
2022January119
2022February118.8
2022March118.4
2022April124.7

Producer confidence deteriorated in May

In May 2022, the mood among Dutch manufacturers was less positive. Manufacturers were less positive about their future output and their current stocks of finished products.

Germany is an important market for the Dutch manufacturing industry. In May, German producer confidence according to the Business Climate Index of the IFO Institute improved. Companies assessed their current situation as somewhat better while their expectations were less negative. In April, the average daily output generated by the German manufacturing industry contracted by almost 3 percent year on year, as reported by Destatis.