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 %)||0.6||-2.9||-3.3||2.3||2.0|
5 years of economic forecasts for more than 30 economic indicators.
Netherlands Industry Chart
Source: Statistics Netherlands and Met the why particular calculations.
|Bond Yield||0.31||5.70 %||Jan 29|
|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||518||-0.57 %||Jan 30|
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April 1, 2019
The Dutch manufacturing sector continued to lose steam at the close of the first quarter, as operating conditions expand at a 33-month low with the manufacturing Purchasing Managers’ Index (PMI) dropping to 52.5 in March from 52.7 in February.
March 28, 2019
In March, business confidence inched down to 6.1 from 6.3 in March.
March 26, 2019
A second reading of national accounts data confirmed that the Dutch economy accelerated in the final quarter of last year, growing 0.5% quarter-on-quarter (Q3: +0.2% quarter-on-quarter; previously reported: +0.1% qoq).
March 21, 2019
Sentiment among Dutch consumers dropped further in March, with the consumer confidence index falling to minus 4 from minus 2 in the prior month.
March 1, 2019
Momentum in the Dutch manufacturing sector continued to lose steam in February, with the manufacturing Purchasing Managers’ Index (PMI) dropping from 55.1 in January to an over-two-year low of 52.7.