Dutch manufacturing output down 2.9% YoY in Jan 2023

As in the previous months, the chemical industry witnessed the strongest decline among the larger industries.

After adjustments for seasonal effects and the working-day pattern, a 3.3-per cent decrease is seen in manufacturing output from December 2022 to January this year.

Confidence among Dutch manufacturers hardly changed in February this year. Producer confidence increased from 3.6 in January to 3.7 in February. This is due to the fact that manufacturers were somewhat less negative about their stocks of finished products.

Germany is an important market for the Dutch manufacturing industry. In February, German entrepreneurs again showed improved confidence, according to the Business Climate Index of the IFO Institute.

Germans were less negative about their future situation, but also slightly less positive about the current situation. The average daily output generated by the German manufacturing industry was down by 0.9 per cent year on year in January, according to Destatis.

ALCHEMPro News Desk (DS)