Growth Dutch manufacturing turnover slows down

Growth Dutch manufacturing turnover slows down

Dutch manufacturers realised a turnover growth of 1.5 percent in February 2012 compared to twelve months previously according to Statistics Netherlands. In January, growth was over 8 percent. February’s turnover growth was generated exclusively on the domestic market; domestic sales were 3.5 percent up from one year previously. For the first time in more than two years, there was no turnover growth on the export market.

The working-day and holiday pattern was more favourable in February 2012 than in February 2011. The positive effect on sales is estimated at approximately 2 percent. Prices of manufactured products were nearly 5 percent higher than one year previously.

The sector petroleum, chemical, rubber and plastic products recorded the highest turnover growth (+ 10.5 percent), but the growth was entirely attributable to higher prices. Sales in the sector electrical engineering and machinery and transport equipment slumped by 12 and 9 percent respectively.

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