When seasonal and working-day adjustments are applied, the decline becomes more pronounced with a 1.5 per cent drop in March compared to February. This adjustment method provides a clearer view of short-term output changes and reveals the high volatility typical in manufacturing output. After a steep decline in the spring of 2020, which saw output hitting its lowest in May 2020, there was a recovery that lasted until May 2022. Since then, the trend has reversed, as per CBS.
Despite these challenging conditions, there is a silver lining as the mood among Dutch manufacturers has seen improvement. April brought a less negative outlook compared to March, with manufacturers feeling particularly positive about future output and less negative about their order positions.
However, the situation contrasts with sentiments in Germany, a crucial market for Dutch manufacturing. German manufacturers reported more negative sentiments in April, as per Eurostat findings.
ALCHEMPro News Desk (DP)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
