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In July, the Producer Confidence Index was below the 20-year average of -1.3. 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 | 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 |
| 2024 | July | -2.7 |
More negative views on stocks
Manufacturers were more pessimistic about current finished goods inventories. However, they were optimistic about expected production over the next three months. Their assessment of the order situation remained largely unchanged.
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 | -2.7 | -2.4 |
|---|---|---|
| Expected Output | 10.4 | 9.5 |
| Finished Goods Inventory Valuation | -5.8 | -4 |
| Order level assessment | -12.7 | -12.8 |
Manufacturers in the electrical and machinery industries are most optimistic
Confidence fell in half of the major industrial sectors, with electronic technology and machinery manufacturing again the most optimistic.
| Electrical products and machinery | 4.6 | 2.8 |
|---|---|---|
| Petroleum and Chemicals | -3.1 | -4.8 |
| Metal | -5.7 | -3 |
| Food, Beverages, Tobacco | -6.7 | -4.7 |
| Wood and building materials | -7.5 | -5.7 |
| Paper and printing | -8.3 | -1.5 |
| Transportation Equipment | -9.9 | -10.5 |
| Textiles, clothing, leather | -11.1 | -11.1 |
Capacity utilization rate declines
At the beginning of the second quarter of 2024, industrial capacity utilization was 78.0%, compared with 79.6% in the previous quarter. This is the lowest level in four years.
| Q4 | 79.2 | |
|---|---|---|
| 2021 | the first season | 80 |
| 2021 | Second quarter | 81.7 |
| 2021 | the third quater | 84.1 |
| 2021 | Q4 | 83.8 |
| 2022 | the first season | 83.6 |
| 2022 | Second quarter | 84.2 |
| 2022 | the third quater | 84.2 |
| 2022 | Q4 | 82.7 |
| 2023 | the first season | 82.6 |
| 2023 | Second quarter | 82.5 |
| 2023 | the third quater | 81.6 |
| 2023 | Q4 | 81 |
| 2024 | the first season | 78.4 |
| 2024 | Second quarter | 79.6 |
| 2024 | the third quater | 78 |
Manufacturing output fell 3% in May
In May 2024, calendar-adjusted output in the Dutch manufacturing sector was 3.0% lower than in May 2023. Year-on-year output also contracted in the first ten months. Adjusted for seasonal and calendar effects, manufacturing output was 0.4% lower than in April.
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