Industry in Netherlands
Netherlands - Industry
Manufacturing sector shows signs of losing steam
The Netherlands one of the most important cargo gateways in Europe has benefited from increased global trade and robust growth in core Europe. However, with exports already above pre-crisis levels, the external sector is unlikely to further boost growth in quarters ahead. In April, exports grew 11.4% in nominal terms over the same month last year, which was below the 12.0% expansion tallied in March and marked the fourth consecutive month of slower growth rates. The sustained deceleration partly reflects the waning of a favourable base effect, which coupled with weaker growth prospects around the world, is likely to prevent exports from accelerating in the near term. Despite the slowdown, export growth is still strong at the current level. However, an important part of exports are the so-called re-exports, which are imports upon which little or no value is added. Therefore, strong export growth does not necessarily imply a strong recovery in domestic economic activity. In fact, recent data suggest that the manufacturing sector is losing steam. In April, industrial production contracted a working-day adjusted 0.8% in April over the same month last year, which represents the slowest pace since November 2009. Moreover, business confidence dropped for the third month in a row from 3.1 points in May to 2.0 points in June, suggesting that investment will decelerate in the months ahead.
Netherlands - Industry Data
|Industrial Production (annual variation in %)||0.6||-2.9||-3.3||2.3||2.0|
5 years of economic forecasts for more than 30 economic indicators.
Netherlands Industry Chart
Source: Statistics Netherlands and FocusEconomics calculations.
|Bond Yield||-0.06||5.70 %||Jun 13|
|Exchange Rate||1.12||0.65 %||Jun 14|
|Stock Market||553||-0.57 %||Jun 14|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 3, 2019
The NEVI and IHS Markit’s manufacturing Purchasing Managers’ Index (PMI) ticked up from 52.0 in April to 52.2 in May.
May 29, 2019
Business sentiment eased to 4.7 in May from 6.7 in April, marking the lowest reading since December 2016.
May 21, 2019
Consumer sentiment in the Netherlands was stable at minus 3 in May from the prior month, matching the long-term average of minus 3 over the last 20 years. Underlying data revealed the stable reading reflected a slight improvement in consumers’ views on the economic climate while their willingness to part ways with their cash was stable.
May 14, 2019
Economic growth was steady in the opening quarter, growing 0.5% quarter-on-quarter to match the expansion recorded in the final quarter of last year.
May 1, 2019
At the start of the second quarter, the Dutch manufacturing sector continued to lose steam: Operating conditions improved at the weakest pace since June 2016, with the manufacturing Purchasing Managers’ Index (PMI) dropping to 52.0 in April from 52.5 in March.