Manufacturing output almost 2 percent higher in October year on year

Growth in 6 of 10 industrial sectors

Around 60 percent of the various industrial sectors produced more than they did last year. Of the eight largest industrial sectors, output rose the most sharply in the rubber and plastics industry, while it fell by the most in the transport equipment industry.

Adjusted output up on September

A more accurate picture of changes in short-term output is obtained when the figures are adjusted for seasonal effects and the working-day pattern. After adjustment, manufacturing output rose by 0.2 percent in October relative to September.

After adjusting for seasonal and working-day effects, manufacturing output often fluctuates significantly. In the spring of 2020, output declined rapidly, reaching a low point in May 2020. This was followed by an upward trend until May 2022. The trend has reversed since then.

Producer confidence deteriorates in November

Producer confidence was more negative in November than the previous month. Manufacturers were more negative about their current stocks and less positive regarding output for the next three months.

Germany is an important market for the Dutch manufacturing sector. In November, German manufacturers were also more negative than they were in October, as reported by Eurostat. In October, the calendar-adjusted output of the German manufacturing sector was down by 0.1 percent, year on year. Relative to September, output rose by 1.5 percent, as reported by Destatis, Germany’s official statistics agency.