Producer confidence is still higher than the long-term average of 1.1. It reached an all-time high (12.7) in November 2021 and an all-time low (-28.7) in April 2020.
|year||month||balance (average of the component questions)|
Opinion about future output has improved
Manufacturers are more positive about their output over the next three months. They are also slightly more positive about their order positions. However, they are more negative about their current stocks.
Two component indicators of producer confidence were positive. The majority of manufacturers consider their order position to be strong rather than weak, given the time of year. Furthermore, manufacturers anticipating output to increase over the next three months outnumber those expecting an decrease.
On the other hand, there was one negative component, of manufacturers defining their current stock of finished products as too large rather than too small.
Confidence up in over half of industries
In November, producer confidence is higher than in the previous month in over half of industries. Just as in the previous months, confidence is highest in the electrotechnical and machinery industries. However, confidence did decrease here compared to October.
|November 2022 (average of the component questions)||October 2022 (average of the component questions)|
|Electrotechnical products and machinery||15.1||18.6|
|Textiles, clothes, leather||11.1||3.2|
|Food, beverages, tobacco||-0.9||-4.5|
|Timber and building materials||-2.2||-3.8|
|Paper and printing||-6||-3.4|
Manufacturing output nearly 5 percent up in September
In August 2022, the average daily output generated by the Dutch manufacturing industry was up by 4.6 percent on September 2021. Growth has been fairly stable over the past four months, but smaller than in the preceding months.
Producer confidence in Germany also improved
Germany is an important market for the Dutch manufacturing industry. In November, German producer confidence according to the Business Climate Index of the IFO Institute rose. Companies were less pessimistic about the future. However, they assessed their current situation as less positive. In September, the average daily output generated by the German manufacturing industry increased by over 4 percent year on year, as reported by Destatis.