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 %)||-3.4||1.3||1.4||0.6||-0.9|
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 4, 2021
Business confidence rose to minus 0.4 in December from November's minus 3.8.
Netherlands: Manufacturing operating conditions improve at the strongest clip in over two years in November
January 4, 2021
Manufacturing conditions in the Netherlands improved at a much sharper pace at the close of 2020, with the NEVI Manufacturing Purchasing Managers’ Index (PMI) rising to 58.2 in December from 54.4 in November.
December 21, 2020
Consumer sentiment turned less pessimistic at the close of the year, with the consumer confidence index rising to minus 20 in December from minus 26 in November.
Netherlands: Manufacturing operating conditions improve at the strongest clip in nearly two years in November
December 3, 2020
The NEVI Manufacturing Purchasing Managers’ Index (PMI), published by IHS Markit, rose to a 22-month high of 54.4 in November from 50.4 in October.
November 27, 2020
Business confidence rose to minus 3.8 in November from October's minus 5.6.