Manufacturers more negative in April

These are the most recent figures on this topic. View the previous figures here.
© ANP / Ramon van Flymen

Erratum:

On 12 May, this news release was revised on the following point.
Figures for April in the 2nd and 3rd graph have been adjusted.

Graph 2:
Expected output from 5.9 to 5.8
Assessment of stocks of finished products from -5.9 to -5.8

Graph 3:
Other manufacturing and repair from 1.9 to 1.4
Food, beverages, tobacco from -2.7 to -2.5
Metal from -3.9 to -4.1
Petroleum and chemicals from -5 to -4.9
Timber and building materials from -5.1 to -5
Transport equipment from -5.6 to -5.3
Paper and printing from -6.9 to -7
Textiles, clothes, leather from -10 to -9.5
Dutch manufacturers were more negative in April than they were in March, according to Statistics Netherlands (CBS). Producer confidence fell from -1.5 in March to -3.3 in April. Manufacturers were mainly less positive about expected output for the next three months.

Producer confidence in April was below the 20-year average of -1.3. It reached an all-time high (10.4) in October 2021 and an all-time low (-31.5) in April 2020.

Producer confidence manufacturing industry (seasonally adjusted)
yearmonthbalance (average of the component questions)
2021May5.6
2021June7.8
2021July9.2
2021August7.1
2021September9.1
2021October10.4
2021November10.1
2021December7.3
2022January6.5
2022February5.8
2022March5.7
2022April7.2
2022May5.8
2022June4.2
2022July5.3
2022August2.4
2022September1.2
2022October0.9
2022November1.1
2022December1
2023January1.1
2023February0.9
2023March0.9
2023April -0.3
2023May-1.7
2023June-2.7
2023July-2.7
2023August-4.6
2023September-3.9
2023Oktober-3.7
2023November-2.6
2023December-5.7
2024January-4.4
2024February-4.2
2024March-4.8
2024April-3.6
2024May-2.8
2024June-2.4
2024July-2.7
2024August-1.9
2024September-1.7
2024October-3.2
2024November-1.8
2024December-1.6
2025January-1.6
2025February-1.2
2025March-1.5
2025April-3.3

Less positive about expected output

Manufacturers’ assessment of the expected output for the next three months was less positive than it was in March. In addition, they were more negative about current stocks of finished products, as well as order positions.

One component indicator of producer confidence was positive: manufacturers who anticipated an increase in output over the next three months outnumbered those expecting a decrease.

However, two other component indicators were negative. Manufacturers were more likely to indicate that their order position was weak rather than strong for the time of year, and more manufacturers described their current stock of finished products as large rather than small.

Producer confidence: component indicators (seasonally adjusted)
 April (balance % positive answers and % negative answers)March (balance % positive answers and % negative answers)
Producer confidence-3.3-1.5
Expected output5.810
Assessment of stocks of finished products-5.8-4.9
Assessment of order-book levels-9.9-9.5
 

Producer confidence negative in almost all industrial sectors

Confidence was negative in almost all industrial sectors. Manufacturers in the textiles, clothes and leather industries were the most negative of any major sector. The only manufacturers with positive producer confidence where those in the category ‘Other manufacturing and repair’, which includes furniture as well as the repair and installation of machinery.

Producer confidence by sector (seasonally adjusted)
IndustryApril (average of the component questions)March (average of the component questions)
Other manufacturing and repair1.45.3
Electrotechnical products and machinery-2.4-0.7
Food, beverages, tobacco-2.5-1.2
Metal-4.1-3.9
Petroleum and chemicals-4.9-2.2
Timber and building materials-5-4
Transport equipment-5.3-2.7
Paper and printing-7-7.1
Textiles, clothes, leather-9.5-2.6
 

Slight increase in capacity utilisation rate

The industrial capacity utilisation rate stood at 77.5 percent at the start of Q2 2025. This is slightly higher than Q1 (77.2 percent), but still relatively low.

Capacity utilisation rate, first month of the quarter
YearQuarterCapacity utilisation rate (%)
2021Quarter 384.1
2021Quarter 483.8
2022Quarter 183.6
2022Quarter 284.2
2022Quarter 384.2
2022Quarter 482.7
2023Quarter 182.6
2023Quarter 282.5
2023Quarter 381.6
2023Quarter 481
2024Quarter 178.4
2024Quarter 279.6
2024Quarter 378
2024Quarter 477.1
2025Quarter 177.2
2025Quarter 277.5

Manufacturing output up by 1 percent in February

In February, the calendar-adjusted output of the Dutch manufacturing sector was 1 percent higher than it was in February 2024. This marks the second consecutive rise in production after a year and a half of decreasing production. Manufacturing output rose by 1.2 percent relative to January, after adjusting for seasonal- and calendar effects.