Decline Dutch manufacturing output less substantial

Decline Dutch manufacturing output less substantial

The average daily production realised by Dutch manufacturing industry was nearly 2 percent down in February 2013 from February 2012. The decline was less substantial than in January, when output was nearly 3 percent down on one year previously according to Statistics Netherlands.

Output generated by the sector petroleum, chemical, rubber and plastic products was more than 5 percent below the level of February 2012. The sectors electrical products and machinery (nearly 5 percent) and transport equipment (4 percent) also faced a considerable downturn. On the other hand, the sector food, drinks and tobacco generated nearly 2 percent more output than in February 2012.

Seasonally adjusted figures provide a more reliable picture of short-term output developments. In February, output was 0.7 percent up from January, but monthly figures adjusted for seasonal variation often show a somewhat erratic pattern. Therefore, the two-month average compared to the previous two-month average is a more accurate indicator. Manufacturing output in the period January-February 2013 decreased by 2.1 percent relative to the period November-December 2012.

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