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In August, the Producer Confidence Index was -1.3 below the 20-year average. In October 2021, the index hit an all-time high (10.4), and in April 2020, the index hit an all-time low (-31.5).
| 2020 | September | -7 |
|---|---|---|
| 2020 | October | -7.7 |
| 2020 | November | -6.4 |
| 2020 | December | -3.2 |
| 2021 | January | -1.8 |
| 2021 | February | -2.6 |
| 2021 | March | 0.6 |
| 2021 | April | 3.6 |
| 2021 | possible | 5.6 |
| 2021 | June | 7.8 |
| 2021 | July | 9.2 |
| 2021 | August | 7.1 |
| 2021 | September | 9.1 |
| 2021 | October | 10.4 |
| 2021 | November | 10.1 |
| 2021 | December | 7.3 |
| 2022 | January | 6.5 |
| 2022 | February | 5.8 |
| 2022 | March | 5.7 |
| 2022 | April | 7.2 |
| 2022 | possible | 5.8 |
| 2022 | June | 4.2 |
| 2022 | July | 5.3 |
| 2022 | August | 2.4 |
| 2022 | September | 1.2 |
| 2022 | October | 0.9 |
| 2022 | November | 1.1 |
| 2022 | December | 1 |
| 2023 | January | 1.1 |
| 2023 | February | 0.9 |
| 2023 | March | 0.9 |
| 2023 | April | -0.3 |
| 2023 | possible | -1.7 |
| 2023 | June | -2.7 |
| 2023 | July | -2.7 |
| 2023 | August | -4.6 |
| 2023 | September | -3.9 |
| 2023 | October | -3.7 |
| 2023 | November | -2.6 |
| 2023 | December | -5.7 |
| 2024 | January | -4.4 |
| 2024 | February | -4.2 |
| 2024 | March | -4.8 |
| 2024 | April | -3.6 |
| 2024 | possible | -2.8 |
| 2024 | June | -2.4 |
| 2024 | July | -2.7 |
| 2024 | August | -1.9 |
Negative sentiment towards order positions and inventories has decreased
Manufacturers’ assessments of order conditions and current finished goods inventories were less negative, and their expected output for the next three months was also more optimistic.
One sub-index showed positive growth: more manufacturers expected output to increase in the next three months than expected a decrease.
Two sub-indicators were negative: Manufacturers were more likely to say their order book was weaker than stronger for the year, and more said they currently had more rather than less finished goods in stock.
| Producer confidence | -1.9 | -2.7 |
|---|---|---|
| Expected Output | 10.7 | 10.4 |
| Finished Goods Inventory Valuation | -4.9 | -5.8 |
| Order level assessment | -11.4 | -12.7 |
Producer sentiment in the wood and construction sectors is most positive
Confidence improved across most manufacturing sectors. The largest increases were seen in the lumber and construction industries. They were also the most positive of all industries.
A little over three weeks ago, Statistics Netherlands reported that business confidence in the construction sector had grown most significantly at the start of the third quarter. However, like most sectors in the Netherlands, business confidence in the construction sector remains negative.
| Wood and building materials | 2 | -7.5 |
|---|---|---|
| Electrical products and machinery | 1.7 | 4.6 |
| Metal | -2.8 | -5.7 |
| Petroleum and Chemicals | -3.6 | -3.1 |
| Food, Beverages, Tobacco | -3.6 | -6.7 |
| Paper and printing | -3.7 | -8.3 |
| Textiles, clothing, leather | -7.2 | -11.1 |
| Transport equipment | -7.5 | -9.9 |
Manufacturing output fell nearly 5% in June
In June 2024, the calendar-adjusted output of the Dutch manufacturing sector was 4.9%The level in June 2023 was slightly lower. Year-on-year output also contracted in the first 11 months. After adjusting for seasonal and calendar effects, manufacturing output grew by 0.Every .8Compared with May, this is a decrease of 15%.
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