Manufacturing output almost 2 percent down in February

09/04/2021 15:00

More recent figures are available on this topic. View the latest figures here.

In February 2021, the average daily output generated by the Dutch manufacturing industry was 1.7 percent down on February 2020, according to Statistics Netherlands (CBS). In January output was up by 0.3 percent. Manufacturers were more positive in March than in February.

Average daily output manufacturing (volume)
jaar	maand	change (year-on-year % change)
2017	March	3
2017	April	0.5
2017	May	5
2017	June	2.4
2017	July	2.7
2017	August	3.7
2017	September	4.8
2017	October	5.1
2017	November	5.3
2017	December	4.4
2018	January	7.5
2018	February	3.2
2018	March	3.8
2018	April	4.7
2018	May	2.9
2018	June	3.3
2018	July	0.9
2018	August	4
2018	September	1.7
2018	October	2.4
2018	November	1.3
2018	December	-4.3
2019	January	-0.6
2019	February	-0.1
2019	March	-0.8
2019	April	-0.3
2019	May	-0.9
2019	June	-2.5
2019	July	0
2019	August	-1.7
2019	September	1.2
2019	Oktober	0.5
2019	November	-1.6
2019	December	-1.2
2020	January	1.6
2020	February	-0.7
2020	March	-1.8
2020	April	-10.8
2020	May	-12
2020	June	-9.4
2020	July	-4.9
2020	August	-4
2020	September	-6.5
2020	October	-4.1
2020	November	-2.9
2020	December	0
2021	January	0.3
2021	February	-1.7

Average daily output manufacturing (volume)
jaar	maand	change (year-on-year % change)
2017	March	3
2017	April	0.5
2017	May	5
2017	June	2.4
2017	July	2.7
2017	August	3.7
2017	September	4.8
2017	October	5.1
2017	November	5.3
2017	December	4.4
2018	January	7.5
2018	February	3.2
2018	March	3.8
2018	April	4.7
2018	May	2.9
2018	June	3.3
2018	July	0.9
2018	August	4
2018	September	1.7
2018	October	2.4
2018	November	1.3
2018	December	-4.3
2019	January	-0.6
2019	February	-0.1
2019	March	-0.8
2019	April	-0.3
2019	May	-0.9
2019	June	-2.5
2019	July	0
2019	August	-1.7
2019	September	1.2
2019	Oktober	0.5
2019	November	-1.6
2019	December	-1.2
2020	January	1.6
2020	February	-0.7
2020	March	-1.8
2020	April	-10.8
2020	May	-12
2020	June	-9.4
2020	July	-4.9
2020	August	-4
2020	September	-6.5
2020	October	-4.1
2020	November	-2.9
2020	December	0
2021	January	0.3
2021	February	-1.7

Output contraction in more than three-quarters of the industries

More than three-quarters of all industries saw their output decrease on an annual basis. The electrical and electronic appliance industry achieved the highest growth.

Average daily output manufacturing (volume) by sector, February 2021
Category	change (year-on-year % change)
Electrical and electronics	12.1
Chemical products	6.3
Machinery	4.1
Rubber and plastic products	1.7
Metal products	-0.9
Food products	-2.3
Transport equipment	-13.1
Repair and installation of machinery	-28.3

Manufacturing (total)	-1.7

Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Average daily output manufacturing (volume) by sector, February 2021
Category	change (year-on-year % change)
Electrical and electronics	12.1
Chemical products	6.3
Machinery	4.1
Rubber and plastic products	1.7
Metal products	-0.9
Food products	-2.3
Transport equipment	-13.1
Repair and installation of machinery	-28.3

Manufacturing (total)	-1.7

Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Manufacturing output slows down a bit

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 of 2.5 percent is seen in manufacturing output between January and February 2021.

Adjusted for seasonal and working-day effects, manufacturing output is seen to fluctuate significantly. From mid-2014 until the beginning of 2018, the overall trend was upward. Subsequently, the trend has been downward. A low point was reached in May 2020. After that, output picked up again. However, output fell again slightly in February 2021.

Seasonally adjusted average daily output manufacturing (volume)
jaar	maand	index (2015=100)
2017	March	105.2
2017	April	104.6
2017	May	106.6
2017	June	106.1
2017	July	106.1
2017	August	105.6
2017	September	107.3
2017	October	107.7
2017	November	109.7
2017	December	110.4
2018	January	110.5
2018	February	109.4
2018	March	109.4
2018	April	109.4
2018	May	109.6
2018	June	109.3
2018	July	107.6
2018	August	109.3
2018	September	109.1
2018	October	109.6
2018	November	110.2
2018	December	107
2019	January	109.6
2019	February	109.2
2019	March	108.8
2019	April	108.9
2019	May	108.5
2019	June	107.3
2019	July	107.5
2019	August	107.8
2019	September	109.5
2019	October	109.7
2019	November	108.4
2019	December	106.5
2020	January	109.3
2020	February	107.4
2020	March	106.2
2020	April	97.7
2020	May	96.2
2020	June	99.1
2020	July	102.8
2020	August	103.4
2020	September	103.5
2020	October	105.3
2020	November	105.3
2020	December	106
2021	January	108.4
2021	February	105.7

Seasonally adjusted average daily output manufacturing (volume)
jaar	maand	index (2015=100)
2017	March	105.2
2017	April	104.6
2017	May	106.6
2017	June	106.1
2017	July	106.1
2017	August	105.6
2017	September	107.3
2017	October	107.7
2017	November	109.7
2017	December	110.4
2018	January	110.5
2018	February	109.4
2018	March	109.4
2018	April	109.4
2018	May	109.6
2018	June	109.3
2018	July	107.6
2018	August	109.3
2018	September	109.1
2018	October	109.6
2018	November	110.2
2018	December	107
2019	January	109.6
2019	February	109.2
2019	March	108.8
2019	April	108.9
2019	May	108.5
2019	June	107.3
2019	July	107.5
2019	August	107.8
2019	September	109.5
2019	October	109.7
2019	November	108.4
2019	December	106.5
2020	January	109.3
2020	February	107.4
2020	March	106.2
2020	April	97.7
2020	May	96.2
2020	June	99.1
2020	July	102.8
2020	August	103.4
2020	September	103.5
2020	October	105.3
2020	November	105.3
2020	December	106
2021	January	108.4
2021	February	105.7

Producer confidence improved in March

In March 2021, the mood among Dutch manufacturers improved. Manufacturers were more positive about their expected future output and their order position.

Germany is an important foreign market for the Dutch manufacturing industry. German producer confidence improved considerably in March, according to the Business Climate Index of the IFO Institute. This is due to both an improved outlook on future output and a more positive opinion about the current situation.

The figures published in this news release are provisional and subject to revisions.

Sources

StatLine - Industry; production and sales

Output contraction in more than three-quarters of the industries

Manufacturing output slows down a bit

Producer confidence improved in March

Sources

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