Manufacturing output over 6 percent up in June

Growth in almost two thirds of industries

In June, almost two thirds of all manufacturing industries saw their output increase on an annual basis. At almost 17 percent, the highest growth among the larger industries was achieved by the machinery industry and the electrical and electronic equipment industry.

Output at high level

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 0.5 percent is seen in manufacturing output from May to June.

Adjusted for seasonal and working-day effects, manufacturing output is seen to fluctuate significantly. In the spring of 2020, output declined rapidly and a low point was reached in May 2020. After that, output picked up again.

Producer confidence improves slightly in July

As of July 2022, the mood among Dutch manufacturers is slightly more positive. Confidence went from 8.1 in June to 8.4 in July.

Germany is an important market for the Dutch manufacturing industry. In July, German producer confidence according to the Business Climate Index of the IFO Institute plummeted. Companies were considerably more pessimistic about the coming six months and assessed the current situation as slightly less good. In June, the average daily output generated by the German manufacturing industry increased by 0.2 percent year on year, as reported by Destatis.