Manufacturing output slightly up in December

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© ANP / Berlinda van Dam
In December 2022, the average daily output of the Dutch manufacturing industry was 0.5 percent higher than in December 2021, according to Statistics Netherlands (CBS). On average, output last year was around 6 percent higher than in 2021. Manufacturing output grew much less rapidly in the last months of 2022 than before.

Average daily output manufacturing (volume)
 maandchange (year-on-year % change)
2019January-0.6
2019February-0.1
2019March-0.8
2019April-0.3
2019May-0.9
2019June-2.5
2019July0
2019August-1.7
2019September1.2
2019Oktober0.5
2019November-1.6
2019December-1.2
2020January1.7
2020February-0.5
2020March-1.4
2020April-10.5
2020May-11.7
2020June-9.1
2020July-4.3
2020August-3.4
2020September-5.8
2020October-3.5
2020November-2.3
2020December0.5
2021January1.1
2021February-1.9
2021March3
2021April12.9
2021May16.1
2021June17.6
2021July13.1
2021August8.6
2021September11.1
2021October9.6
2021November10.6
2021December12.9
2022January7.3
2022February10.5
2022March7.6
2022April13.9
2022May10.3
2022June5.9
2022July5.5
2022August5.7
2022September5.2
2022October3.3
2022November0.0
2022December0.5

Growth in slightly more than half of industries

Slightly more than half of all manufacturing industries saw their output increase in December year on year. As in the previous month, the industry repair and installation of machinery recorded the strongest growth among the larger industries.

Average daily output manufacturing (volume) by sector, December 2022
Categorychange (year-on-year % change)
Repair and installation of machinery31.2
Transport equipment6.8
Machinery5.7
Metal products0.8
Electrical and electronics-0.4
Food products-1.5
Rubber and plastic products-11.1
Chemical products-18.5
Manufacturing (total)0.5
Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Output rose in December

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 1.6-percent increase is seen in manufacturing output from November to December.

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, until May 2022. The trend seems to have reversed since then, but output is still relatively high.

Seasonally adjusted average daily output manufacturing (volume)
yearmonthindex (2015=100)
2019January109.6
2019February109.2
2019March108.8
2019April108.9
2019May108.5
2019June107.3
2019July107.5
2019August107.8
2019September109.5
2019October109.7
2019November108.4
2019December106.5
2020January109
2020February108.4
2020March106
2020April97.4
2020May96.5
2020June99.4
2020July103.4
2020August104
2020September104.2
2020October106.2
2020November106.3
2020December107.1
2021January110.9
2021February106.8
2021March110
2021April110.3
2021May112.1
2021June115
2021July116.2
2021August113.6
2021September115.2
2021October116.6
2021November117.6
2021December120
2022January119.0
2022February118.4
2022March118.2
2022April124.8
2022May123.1
2022June121.6
2022July122.4
2022August120.4
2022September120.9
2022October120.3
2022November118.4
2022December120.3

Producer confidence slightly up again

Confidence among Dutch manufacturers improved again slightly in January 2023. This is mainly due to the fact that manufacturers were somewhat more positive about their order positions.

Germany is an important market for the Dutch manufacturing industry. In January, German entrepreneurs again showed improved confidence, according to the Business Climate Index of the IFO Institute. They were more positive about their current situation and less pessimistic about the future situation. The average daily output generated by the German manufacturing industry was down by 2.1 percent year on year in December, as reported by Destatis.