Manufacturing output down by a fraction in November

© ANP / Roger Dohmen Fotografie
In November 2022, the average daily output of the Dutch manufacturing industry was 0.2 percent lower than in November 2021, according to Statistics Netherlands (CBS). It was the first year-on-year contraction since March 2021.

Average daily output manufacturing (volume)
 maandchange (year-on-year % change)
December-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
2022October3.5
2022November-0.2

Contraction in half of industries

In November, half of all manufacturing industries saw their output decrease on an annual basis. Among the larger industries, the chemical industry recorded that sharpest contraction.

Average daily output manufacturing (volume) by sector, November 2022
Categorychange (year-on-year % change)
Repair and installation of machinery25.9
Machinery7.8
Electrical and electronics4.8
Transport equipment0.9
Food products0.7
Metal products-1.8
Rubber and plastic products-9.5
Chemical products-16.4
Manufacturing (total)-0.2
Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Output fell in November

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 2.0-percent decline is seen in manufacturing output from October to November.

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, until May 2022. The trend seems to have reversed since then, but output is still relatively high.

Seasonally adjusted average daily output manufacturing (volume)
yearmonthindex (2015=100)
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
2022January119.0
2022February118.4
2022March118.2
2022April124.8
2022May123.1
2022June121.6
2022July122.4
2022August120.4
2022September120.9
2022October120.6
2022November118.1

Producer confidence increases again slightly

Confidence among Dutch manufacturers improved further in December 2022 as manufacturers were more positive about their future output.

Germany is an important market for the Dutch manufacturing industry. In December, German entrepreneurs showed improved confidence, according to the Business Climate Index of the IFO Institute; they were less pessimistic about the future and more positive about their current situation. The average daily output generated by the German manufacturing industry was up by 0.5 percent year on year in November, as reported by Destatis.