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||-0.19||5.70 %||Nov 21|
|Exchange Rate||1.11||0.65 %||Nov 21|
|Stock Market||590||-0.57 %||Nov 21|
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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.
November 28, 2019
Confidence among Dutch manufacturers decreased in November from 3.6 in the prior month to 2.8.
November 21, 2019
Dutch consumers became slightly more pessimistic in November, with the index inching down to minus 2 from minus 1 in October.
November 14, 2019
A preliminary reading of national accounts data showed that the economy expanded 0.4% quarter-on-quarter in the third quarter, matching the result recorded in the prior quarter and double the Euro area average.
November 1, 2019
Dutch manufacturing conditions improved at the weakest pace in over six years in October, with the NEVI Manufacturing Purchasing Managers’ Index (PMI) dropping to 50.3 from 51.6 in September.