Producer confidence improves again in October

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© Hollandse Hoogte / Westend61 GmbH
Producer confidence was once again less negative in October than the previous month, according to Statistics Netherlands (CBS). Producer confidence stood at -0,8, up from -1.6 in September. This is the highest level in 2.5 years. Manufacturers were more positive regarding output for the next three months, in particular.

Producer confidence in October was above the 20-year average of -1.3. Confidence 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)
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
2025May-3.9
2025June-5
2025July-4.9
2025August-3.3
2025September-1.6
2025October-0.8

Improvements across all components

Manufacturers’ expectations regarding output for the next three months were more positive than in September. They were also less negative about their current stocks of finished products and order positions.

One component of producer confidence was positive: more manufacturers expect an increase in output over the next three months than expect a decrease. However, two other components of the indicator were negative. Manufacturers were more likely to indicate a weak order position for the time of year than a strong order position, and more manufacturers described their current stock of finished products as large rather than small.

Producer confidence: component indicators (seasonally adjusted)
 October (balance % positive answers and % negative answers)September (balance % positive answers and % negative answers)
Producer confidence-0.8-1.6
Expected output10.79.4
Assessment of stocks of finished products-4.7-5.4
Assessment of order-book levels-8.5-8.9

Producer confidence improves in over half of industrial sectors

Confidence improved in over half of the industrial sectors. Manufacturers in ‘other industries’ (such as repair and installation of machinery and furniture) were the most positive in October. Manufacturers in the electronical and machinery industry were the most negative.

Producer confidence by sector (seasonally adjusted)
IndustryOctober (average of the component questions)September (average of the component questions)
Other4.75
Metal2.80.6
Transport equipment2.4-6.9
Timber and building materials-0.22.9
Petroleum and chemicals-1.3-3.5
Textiles, clothes, leather-1.6-3.6
Food, beverages, tobacco-2.4-1.7
Paper and printing-4.1-7.2
Electrotechnical products and machinery-4.3-3.3

Decrease in capacity utilisation rate

The industrial capacity utilisation rate stood at 77.2 percent at the start of Q4 2025. This is lower than in Q3 (77.7 percent), but higher than in Q4 2024 (77,1 percent).

Capacity utilisation rate, first month of the quarter
YearQuarterCapacity utilisation rate (%)
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
2025Quarter 377.7
2025Quarter 477.2

Manufacturing output in August the same as the previous year

In August 2025, the calendar-adjusted output of the Dutch manufacturing sector was at the same level as in August 2024. Manufacturing output rose by 1.7 percent relative to July, after adjusting for seasonal and calendar effects.