Nearly two-thirds of all industrial classes produced more in September than in the same month a year earlier. Of the eight largest sectors, repair and installation of machinery recorded the largest production increase, while the chemical industry noted the largest decline.
To determine the short-term development of production, it is best to look at seasonally and calendar-adjusted figures. From August to September, production rose by 0.1 percent.
The seasonally and calendar-adjusted production usually fluctuates significantly. Declines and increases follow each other quickly. In May 2020, industrial production reached a low point. After that, an upward trend was set until May 2022. Since then, the trend has reversed.
Manufacturers were again less negative in October than a month earlier. Producers in the industry are especially more positive about expected activity.
Germany is an important market for Dutch industry. Confidence among German producers was less negative in October than a month earlier (Eurostat). The calendar-adjusted production of the German industry was 1.1 percent lower in September than a year earlier. Compared to August, German production rose by 1.9 percent (Destatis).
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