The average daily output generated by the Dutch manufacturing industry slumped 12.5 percent year-on-year in May 2020, following a 11 percent plunge in the previous month. It was the steepest drop in manufacturing industry activity since April 2009, as output shrank for transport equipment (-38.6 percent vs -49.7 percent in April), repair & installation of machinery (-28.6 percent vs -21.2 percent), rubber & plastic products (-13.6 percent vs -17.7 percent), chemical products (-10.8 percent vs -10.2 percent), metal products (-16.7 percent vs -10.7 percent), electrical & electronics (-12.8 percent vs -10.9 percent) and food products (-8.1 percent vs -6.1 percent). In addition, machinery output grew at a softer pace (3.5 percent vs 13.4 percent).
Manufacturing Production in Netherlands averaged 1.19 percent from 2005 until 2020, reaching an all time high of 10.30 percent in February of 2011 and a record low of -13.80 percent in April of 2009. This page provides - Netherlands Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Netherlands
Manufacturing Production in Netherlands is expected to be -3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in Netherlands to stand at 4.70 in 12 months time. In the long-term, the Netherlands Manufacturing Production is projected to trend around 5.80 percent in 2021 and 2.30 percent in 2022, according to our econometric models.