Manufacturing output more than 3 percent up in October

© Hollandse Hoogte / Westend61 GmbH
In October 2022, the average daily output generated by the Dutch manufacturing industry was up by 3.3 percent on October 2021, according to Statistics Netherlands (CBS). Growth decreased compared to the preceding one and a half years.

Average daily output manufacturing (volume)
 maandchange (year-on-year % change)
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
2022April13.9
2022May10.3
2022June5.9
2022July5.5
2022August5.7
2022September5.2
2022October3.3

Growth in half of industries

In October, half of all manufacturing industries saw their output increase on an annual basis. The highest growth among the larger industries was achieved by the machinery industry. Output in the transport equipment industry also grew substantially again. In October 2021, however, a number of factories suffered from a chip shortage.

Average daily output manufacturing (volume) by sector, October 2022
Categorychange (year-on-year % change)
Machinery21.2
Transport equipment14.1
Electrical and electronics12.3
Metal products2.1
Repair and installation of machinery0.2
Food products0
Rubber and plastic products-9.8
Chemical products-13.1
Manufacturing (total)3.3
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 0.4 percent is seen in manufacturing output from September to October.

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)
yearmonthindex (2015=100)
2018November110.2
2018December107
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
2022May123.1
2022June121.6
2022July122.4
2022August120.5
2022September121.3
2022October120.8

Producer confidence slightly increased

Producer confidence slightly increased in November 2022. In particular, Dutch manufacturers were more positive about their future output than in the previous month.

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 improved; companies were less pessimistic about the coming months. In October, the average daily output generated by the German manufacturing industry increased by almost 1 percent year on year, as reported by Destatis.