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||0.58||5.70 %||Oct 17|
|Exchange Rate||1.15||0.65 %||Oct 18|
|Stock Market||524||-0.57 %||Oct 18|
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October 19, 2018
At the start of the final quarter of the year, consumer confidence moderated on the back of a broad-based deterioration in underlying sentiment indicators.
October 1, 2018
The Dutch manufacturing sector finished the third quarter on a strong footing, with the headline manufacturing Purchasing Managers’ Index (PMI) increasing from 59.1 in August to 59.8 in September, marking a three-month high.
September 27, 2018
Sentiment in the manufacturing industry eased for the fourth consecutive month in September, with business confidence dropping to 5.7 from 5.9 in August.
September 26, 2018
Against the background of a booming economy, the government presented a slightly expansionary 2019 budget on the third Tuesday of September.
September 21, 2018
A second GDP estimate for the second quarter of this year, released on 21 September, showed that the economy expanded 0.8% quarter-on-quarter.