CBS Statistics Netherlands : Manufacturing output 2.5 percent down in November

December	6.7
2017	January	0.4
2017	February	4.9
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	1.4
2020	February	-0.9
2020	March	-1.9
2020	April	-10.9
2020	May	-12.1
2020	June	-9.7
2020	July	-4.9
2020	August	-3.8
2020	September	-6.6
2020	October	-3.6
2020	November	-2.5

Output growth in about half of the industries

In November, approximately half of the industries saw their output grow on an annual basis. Of the industries within manufacturing, the chemical industry recorded the strongest output growth. This important industry recorded higher year-on-year production for the fifth month in a row.

Chemical products	11.1
Electrical and electronics	5.9
Rubber and plastic products	3.4
Transport equipment	0.5
Food products	-2.4
Metal products	-3.8
Machinery	-14.9
Repair and installation of machinery	-21.8
Manufacturing (total)	-2.5
Altogether, the industries referred to in the above graph account for approximately 75 percent of the total manufacturing output

Manufacturing output recovers in fits and starts

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, an decrease of 0.2 percent is seen in manufacturing output between October and November.

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, but was still over 4 percent lower in November than in January 2020.

December	106.3
2017	January	103.1
2017	February	105.5
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	109.8
2020	February	107.8
2020	March	106.5
2020	April	97.6
2020	May	96.0
2020	June	98.5
2020	July	102.6
2020	August	103.4
2020	September	103.1
2020	October	105.3
2020	November	105.1

Dutch manufacturers again less negative

Confidence among Dutch manufacturers is again less negative in December. This the highest level since April 2020. Manufacturers are mainly more positive about future output.

Germany is an important foreign market for the Dutch manufacturing industry. According to the Business Climate Index of the IFO Institute, producer confidence has improved in December for the eight consecutive month. Opinions on both the present level of business activity and that over the next few months are now more positive. In November, the average daily output generated by the German industry contracted by almost 4 percent year-on-year, as reported by Destatis.