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The long-term average over the past two decades stands at 0.7. Producer confidence reached an all-time high (12.7) in November 2021 and an all-time low (-28.7) in April 2020.

Producer confidence manufacturing industry (seasonally adjusted)
December 8.9
2018 January 10.3
2018 February 10.9
2018 March 9.5
2018 April 8.2
2018 May 9.8
2018 June 7.7
2018 July 6.3
2018 August 5.9
2018 September 5.7
2018 October 5.9
2018 November 7.2
2018 December 7.5
2019 January 5.8
2019 February 6.3
2019 March 6.1
2019 April 6.7
2019 May 4.7
2019 Juni 3.3
2019 Juli 3.9
2019 August 3.9
2019 September 3.3
2019 October 3.6
2019 November 2.8
2019 December 2.9
2020 January 2.5
2020 February 3.7
2020 March 0.2
2020 April -28.7
2020 May -25.1
2020 June -15.1
2020 July -8.7
2020 August -5.4
2020 September -4.8
2020 October -5.6
2020 November -3.8
2020 December -0.4
2021 January 0.6
2021 February 0.1
2021 March 3.4
2021 April 6.5
2021 May 8.8
2021 June 11.5
2021 July 12.3
2021 August 9.6
2021 September 11.1
2021 October 12.3
2021 November 12.7

Manufacturers more positive about order positions

In November, manufacturers are mainly more positive about their order positions. Opinions are at the highest level since 1985. Opinions of manufacturers on their stocks of finished products have also improved. However, they are less positive about their future output.

Manufacturers’ opinions on all three component indicators are positive. Manufacturers who anticipate output to increase over the next three months outnumber those expecting a decrease. More manufacturers consider their order position to be strong rather than weak, given the time of year. There are fewer manufacturers who define their current stocks of finished products as too large rather than too small.

Confidence highest in electrotechnical products and machinery industry

Although producer confidence is at an all-time high in November, confidence has declined in more than half of the underlying industries. Confidence is highest in the electrotechnical products and machinery industry. Confidence has increased most sharply in the transport equipment industry.

Producer confidence by sector (seasonally adjusted)
Electrotechnical products and machinery 23.9 24.6
Paper and printing 18.3 12.3
Timber and building materials 18 22.8
Metal 14.4 12
Textiles, clothes, leather 12.2 12.4
Transport equipment 11.9 4
Petroleum 7.8 11.7
Food, beverages, tobacco 7.1 5.8

Manufacturing output almost 11 percent up in September

In September 2021, the average daily output generated by the Dutch manufacturing industry was up by 10.9 percent from September 2020. Output was up by 9.4 percent in the previous month. Compared to September 2019, the growth rate amounted to over 4 percent.

Producer confidence in Germany declining again

Germany is an important foreign market for the Dutch manufacturing industry. In November, German producer confidence according to the Business Climate Index of the IFO Institute fell due to a lower assessment of the current situation. Expectations, by contrast, brightened somewhat.

In September, the average daily output generated by the German manufacturing industry fell by 1.4 percent year-on-year, as reported by Destatis. Relative to September 2019, it was lower by 9.9 percent.

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