Manufacturing output down by 6 percent in March
maand | change (year-on-year % change) | |
---|---|---|
2020 | April | -10.1 |
2020 | May | -9.5 |
2020 | June | -7.5 |
2020 | July | -3.2 |
2020 | August | -1.8 |
2020 | September | -2.2 |
2020 | October | -2.3 |
2020 | November | -1.3 |
2020 | December | 0 |
2021 | January | 0.4 |
2021 | February | -3.7 |
2021 | March | 2.7 |
2021 | April | 11.3 |
2021 | May | 12.6 |
2021 | June | 13.4 |
2021 | July | 9.2 |
2021 | August | 5.6 |
2021 | September | 7.5 |
2021 | October | 7.9 |
2021 | November | 9.5 |
2021 | December | 12.7 |
2022 | January | 7.3 |
2022 | February | 10.6 |
2022 | March | 9 |
2022 | April | 12.3 |
2022 | May | 10.4 |
2022 | June | 9 |
2022 | July | 8.1 |
2022 | August | 8.3 |
2022 | September | 7.9 |
2022 | October | 5.4 |
2022 | November | 3.5 |
2022 | December | 4 |
2023 | January | 2.5 |
2023 | February | 3.1 |
2023 | March | 4.3 |
2023 | April | -1.3 |
2023 | May | -0.8 |
2023 | June | 1.3 |
2023 | July | -0.4 |
2023 | August | -1.5 |
2023 | September | -3.9 |
2023 | October | -4 |
2023 | November | -3.6 |
2023 | December | -0.4 |
2024 | January | -4.7 |
2024 | February | -2.8 |
2024 | March | -6 |
Decrease in more than three quarters of industrial sectors
More than three quarters of industrial sectors produced less than they did one year previously. Among the eight larger industrial sectors, output fell the most sharply in the repair and installation of machinery.
Category | change (year-on-year % change) |
---|---|
Chemical | 0.5 |
Metal products | -0.9 |
Rubber and plastic products | -1.4 |
Electrical and electronics | -2.1 |
Food products | -4.2 |
Machinery | -8.9 |
Transport equipment | -13.4 |
Repair and installation of machinery | -15.5 |
Manufacturing (total) | -6 |
Altogether, the industries referred to in the above graph account for almost 80 percent of the total manufacturing output |
Output decreased in March
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. When these adjustments are made, manufacturing output fell by 1.5 percent in March relative to February.
Adjusted 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.
year | month | index (2021=100) |
---|---|---|
2020 | April | 87.5 |
2020 | May | 87.3 |
2020 | June | 88.1 |
2020 | July | 92.2 |
2020 | August | 94.4 |
2020 | September | 93.8 |
2020 | October | 94.8 |
2020 | November | 94.6 |
2020 | December | 93.6 |
2021 | January | 97.6 |
2021 | February | 94.4 |
2021 | March | 96.6 |
2021 | April | 97.5 |
2021 | May | 98.2 |
2021 | June | 100 |
2021 | July | 100.3 |
2021 | August | 99.7 |
2021 | September | 100.9 |
2021 | October | 102.5 |
2021 | November | 104 |
2021 | December | 104.9 |
2022 | January | 104.9 |
2022 | February | 104.4 |
2022 | March | 105.1 |
2022 | April | 109.6 |
2022 | May | 108.4 |
2022 | June | 108.8 |
2022 | July | 108 |
2022 | August | 107.8 |
2022 | September | 108.9 |
2022 | October | 108.2 |
2022 | November | 107.8 |
2022 | December | 108.5 |
2023 | January | 108.4 |
2023 | February | 107.7 |
2023 | March | 109.4 |
2023 | April | 107.6 |
2023 | May | 107.3 |
2023 | June | 109.2 |
2023 | July | 107.3 |
2023 | August | 106.3 |
2023 | September | 105 |
2023 | October | 104.2 |
2023 | November | 104.5 |
2023 | December | 108.4 |
2024 | January | 103.3 |
2024 | February | 104.4 |
2024 | March | 102.9 |
Confidence improving among manufacturers
In April, Dutch manufacturers were less negative than they were in March. They were more positive about expected output, in particular, and less negative about order positions.
Germany is an important market for Dutch manufacturing. In April, German producers were more negative than they were in March, as reported by Eurostat.
Sources
Related items
- Dossier - Business cycle