Manufacturing output over 6 percent up in June

© ANP / Jilmer Postma
In June 2022, the average daily output generated by the Dutch manufacturing industry was up by 6.2 percent on June 2021, according to Statistics Netherlands (CBS). The growth was lower than in previous months.

Average daily output manufacturing (volume)
jaarmaandchange (year-on-year % change)
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
2022April13.8
2022May9.9
2022June6.2

Growth in almost two thirds of industries

In June, almost two thirds of all manufacturing industries saw their output increase on an annual basis. At almost 17 percent, the highest growth among the larger industries was achieved by the machinery industry and the electrical and electronic equipment industry.

Average daily output manufacturing (volume) by sector, June 2022
Categorychange (year-on-year % change)
Machinery16.6
Electrical and electronics16.4
Transport equipment7
Repair and installation of machinery6.9
Metal products4
Food products3
Chemical products-1.9
Rubber and plastic products-4.4
Manufacturing (total)6.2
Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

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, a decrease of 0.5 percent is seen in manufacturing output from May to June.

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.

Seasonally adjusted average daily output manufacturing (volume)
2018July107,6 (2015=100)
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
2022February118.4
2022March118.2
2022April124.8
2022May122.9
2022June122.3

Producer confidence improves slightly in July

As of July 2022, the mood among Dutch manufacturers is slightly more positive. Confidence went from 8.1 in June to 8.4 in July.

Germany is an important market for the Dutch manufacturing industry. In July, German producer confidence according to the Business Climate Index of the IFO Institute plummeted. Companies were considerably more pessimistic about the coming six months and assessed the current situation as slightly less good. In June, the average daily output generated by the German manufacturing industry increased by 0.2 percent year on year, as reported by Destatis.