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 %)||0.5||-2.7||-3.4||1.3||1.4|
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 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 2, 2020
The Dutch manufacturing sector ended the year on a sour note, as operating conditions worsened at the strongest pace in over six-and-a-half years in December: The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell to 48.3 in December from 49.6 in November, remaining below the 50-threshold that separates an overall increase from an overall decrease compared to the prior month. The contraction was driven by the steepest reduction in output in over a decade as well as a sharp drop in order book volumes.
December 30, 2019
At the close of the year, sentiment among Dutch manufacturers ticked up marginally.
December 24, 2019
A second reading of national accounts data revealed that the economy grew 0.4% quarter-on-quarter in the third quarter, matching the preliminary estimate and Q2’s result, and continuing to cruise above the Euro area average.
December 20, 2019
Sentiment among Dutch consumers was unchanged in December from the prior month at minus 2.
Netherlands: Manufacturing PMI falls into contractionary territory for the first time in over six years in November
December 2, 2019
For the first time since June 2013, operating conditions in the Dutch manufacturing sector deteriorated as the NEVI Manufacturing Purchasing Managers’ Index (PMI) fell to 49.6 in November from 50.3 in the prior month. The contraction in the sector was driven by a drop in order book volumes, reduced output and softer job creation.