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Output manufacturing (calendar adjusted, volume)
2020 February 2.3
2020 March -1.9
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 1.5
2023 February 2.5
2023 March 1.6
2023 April -5.2
2023 May -3
2023 June -3.1
2023 July -3
2023 August -3.6
2023 September -5.4
2023 October -5.6
2023 November -5.1
2023 December -1.7
2024 January -5.5

Decrease in most industries

Most industries produced less than one year previously. Among the larger industries, output fell most sharply in the transport equipment industry.

Output manufacturing (calendar adjusted, volume) by sector, January 2024
Repair and installation of machinery 5.8
Metal products -0.6
Chemical -3.2
Food products -4
Rubber and plastic products -5.4
Machinery -5.6
Electrical and electronics -9.1
Transport equipment -14.4
Manufacturing (total) -5.5
Altogether, the industries referred to in the above graph account for almost 80 percent of the total manufacturing output

Output decreased in January

A more accurate picture of short-term output developments is obtained when figures are adjusted for seasonal and calendar effects.  After adjustments for seasonal and calendar effects, manufacturing output fell by 4.7 percent in January relative to December.

Adjusted for seasonal and calendar effects, manufacturing output fluctuates significantly in general. In spring 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.

Output manufacturing (seasonally and calendar adjusted, volume)
2020 February 98.1
2020 March 94.1
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 107.1
2023 February 107.1
2023 March 106.6
2023 April 104
2023 May 105.1
2023 June 105.2
2023 July 104.7
2023 August 104.2
2023 September 103
2023 October 102.1
2023 November 102.3
2023 December 106.5
2024 January 101.6

Manufacturers less negative in January

Dutch manufacturers were marginally less negative in February than they were one month previously. They were more positive about expected output, in particular. However, they were more negative about the order book.

Germany is an important market for the Dutch manufacturing industry. In February, German entrepreneurs were more negative than they were in January. In January, the calendar-adjusted output generated by the German manufacturing industry was down by 5.4 percent year on year. Relative to December, output rose by 1.0 percent, as reported by Destatis.

With effect from the reporting month of January 2024, the base year for the manufacturing output has changed from 2015 to 2021. Furthermore, the weightings have been adjusted and some method changes have been implemented. There is also no longer talk of average daily production, but of calendar adjusted production. With calendar adjustment, a correction is also made for the effect that the difference in working days has on production. A different composition of calendar days therefore has no influence on year-on-year developments. The old series (base year = 2015) can still be accessed in StatLine, but will no longer be updated.

Source of original article: Statistics Netherlands (CBS) (www.cbs.nl).
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