After adjustments for seasonal effects and the working-day pattern, a 2.0 per cent decline was seen in manufacturing output from October to November, according to data from the CBS.
In the spring of 2020, output declined rapidly, and a low point was reached in May 2020. After that, output picked up again, until May 2022. The trend seems to have reversed since then, but output is still relatively high. Confidence among Dutch manufacturers improved further in December 2022 as manufacturers were more positive about their future output.
Germany is an important market for the Dutch manufacturing industry. In December, German entrepreneurs showed improved confidence, according to the Business Climate Index of the IFO Institute; they were less pessimistic about the future and more positive about their current situation.
ALCHEMPro News Desk (NB)
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