Broadcast United

Manufacturer confidence continues to improve

Broadcast United News Desk
Manufacturer confidence continues to improve

[ad_1]

In June, 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).

Manufacturing Producer Confidence Index (Seasonally Adjusted)
2020 July -11.8
2020 August -7.8
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

Increased confidence in expected outputs

Manufacturers were more positive about expected production in the next three months. They also became less negative about current finished goods inventories. However, their assessment of the order situation was more negative.

One sub-index showed positive growth: the number of manufacturers expecting output to increase in the next three months exceeded the number of manufacturers expecting output to 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: sub-indicators (seasonally adjusted)
Producer confidence -2.4 -2.8
Expected Output 9.5 7.2
Finished Goods Inventory Valuation -4 -6
Order level assessment -12.8 -9.7

Manufacturers in the electrical and machinery industries are most optimistic

Confidence improved in more than half of the major industrial sectors. The most notable improvement was seen among manufacturers in the textile and clothing industries. Manufacturers in the electrical and machinery industries were again the most positive.

Producer confidence index by industry (seasonally adjusted)
Electrical products and machinery 2.8 0.9
Paper and printing -1.5 0.3
Metal -3 -3.5
Food, Beverages, Tobacco -4.7 -4
Petroleum and Chemicals -4.8 -5.2
Wood and building materials -5.7 -9.6
Transportation Equipment -10.5 -8.7
Textiles, clothing, leather -11.1 -16.8

Manufacturing output fell 3.5% in April

In April 2024, the calendar-adjusted output of the Dutch manufacturing sector was 3.5 pagesIn April 2023, manufacturing output was 10% lower than the same period last year. Year-on-year output also contracted in the first nine months. After adjusting for seasonal and calendar effects, manufacturing output grew 10%. 0.4 lbsCompared to March, it has increased by what percentage.

[ad_2]

Source link

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *