Manufacturing output remained virtually the same in November

Growth in over half of industrial sectors

More than half of the various industrial sectors produced more than they did one year previously. Of the eight largest sectors, output rose the most in the food sector, while it fell the most sharply in the transport equipment sector.

Adjusted output increased in November

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. After adjustment, manufacturing output rose by 1.3 percent in November relative to October.

After adjustments 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.

Manufacturers almost equally negative in December

Dutch manufacturers were almost equally negative in December as they were in November. Manufacturers were less negative about their order positions, but their assessment of current stocks of finished products was more negative.

Germany is an important market for the Dutch manufacturing sector. In December, German business owners were more negative than they were in November, as reported by Eurostat. In November, the calendar-adjusted output of the German manufacturing sector was down by 3.1 percent year on year. Relative to October, output rose by 1.2 percent, as reported by Destatis.