Manufacturing output 4 percent up in October
Strongest production growth in transport equipment industry
Output generated by the transport equipment industry was almost 17 percent up in October 2017 relative to the same month last year. The industries producing machinery, electrotechnical equipment and pharmaceuticals recorded above-average output growth as well.
| % change | |
|---|---|
| Transport equipment | 16.8 |
| Machinery | 13.7 |
| Electrotechnical products | 13.6 |
| Pharmaceutical products | 9.7 |
| Metal products | 3.8 |
| Rubber and plastic products | 3.4 |
| Food products | 3.1 |
| Chemical products | 0.2 |
| Manufacturing (total) | 4 |
Altogether, the industries referred to in the above graph account for approximately 70 percent of total manufacturing output.
Upward trend
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 is seen in the manufacturing output in October of 0.7 percent on the previous month.
Adjusted for seasonal variation, manufacturing output shows an irregular pattern with many ups and downs, but since mid-2014, the overall trend has been upward.
Producer confidence close to record high
Confidence among Dutch manufacturers reached the highest level since February 2008. In January 2008, producer confidence reached a record level.
Germany is an important foreign market for the Dutch manufacturing industry. Confidence (i.e. the IFO index) hit a new record high in November. Manufacturers were markedly more positive about their future output. The average daily output generated by the German manufacturing industry was 2.5 percent higher in October 2017 than one year previously.
The figures in this publication are provisional and can be adjusted.
Sources
- StatLine - Industry; production and sales
Related items
- Dossier - Business Cycle