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||0.44||5.70 %||Aug 14|
|Exchange Rate||1.13||0.65 %||Aug 15|
|Stock Market||553||-0.57 %||Aug 15|
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Netherlands: Economic growth picks up pace in Q2 on the back of fixed investment growth and the external sector
August 14, 2018
The Dutch economy picked up pace in the second quarter according to the first estimate of Statistics Netherlands released on 14 August, with calendar-adjusted quarter-on-quarter growth coming in at 0.7% (Q1: +0.6% quarter-on-quarter).
August 1, 2018
The NEVI manufacturing Purchasing Mangers’ Index (PMI), co-produced with IHS Markit, eased from 60.1 in June to 58.0 in July.
July 30, 2018
Sentiment in the manufacturing industry dropped for the second consecutive month at the outset of the third quarter.
July 20, 2018
Sentiment among Dutch consumers—which has been in positive territory since March 2015—remained elevated at the outset of the third quarter, matching June’s print at 23.
July 2, 2018
Momentum in the Dutch manufacturing sector continued to ebb in June on the back of softer jobs growth.