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Dutch manufacturing industry faces output decline in November 2023

12 Jan '24

1 min read

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In November 2023, Netherlands' manufacturing industry saw a 10 per cent YoY decrease in output, the lowest in three years, as per CBS.
Adjusted output fell 0.8 per cent from October.
Dutch manufacturers' sentiment worsened in December, with concerns about orders and future output.
Similarly, Germany's manufacturing output dropped 4.5 per cent YoY.

The Dutch manufacturing industry experienced a notable 10 per cent decrease in average daily output in November 2023 compared to the same month in 2022, according to the latest data from Statistics Netherlands (CBS). This trend of year-on-year (YoY) contraction in output has been consistent in the preceding months of 2023, with most industries producing less than in the previous year.

After adjusting for seasonal effects and working-day patterns, the manufacturing output in November 2023 fell by 0.8 per cent from October, reaching its lowest level in three years.

In December 2023, Dutch manufacturers' sentiment turned more negative compared to the previous month. The primary concerns among manufacturers were regarding order positions and the expected output over the next three months, indicating a cautious outlook for the industry's future., as per CBS.

Germany, a key market for the Dutch manufacturing industry, also reported a downturn in its manufacturing output. According to Eurostat, German entrepreneurs were slightly less negative in December than in November. However, data from Destatis revealed that the calendar-adjusted output of the German manufacturing industry in November was down by 4.5 per cent YoY, and it also fell by 0.4 per cent relative to October.

Fibre2Fashion News Desk (DP)

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