Dutch industry output is still much lower than a year ago. The decline has been evident since January. Machine makers in particular are making smaller quantities.
Dutch industrial companies produced 10.3 percent less in September than a year earlier, the statistics agency reported CBS Friday. This was the ninth consecutive month in which industrial production contracted on an annual basis.
The contraction in September was the strongest decline since April this year. At that time there was a decline in production of approximately 12 percent. Most industrial sectors produced less in September than in the same month the previous year.
Food production also declined
Industries in this industry make rubber, plastics, food, and transportation equipment, among other things. The machinery industry and chemical industry showed the largest decline in production, at 28.7 percent and 12.7 percent, respectively. Food production fell by 4.4 percent.
Industrial companies often still have excess inventory, for example from the Corona pandemic period. In addition, the demand for products decreases, which prompts entrepreneurs to reduce production. Due to the rapid rise in interest rates, entrepreneurs are investing less, for example, in a new machine.
In the branch where machinery is repaired and installed, production increased by approximately 30 percent. It also introduced the metal industry more than a year ago.
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