The Central Bureau of Statistics released preliminary data on Friday showing that the Netherlands’ manufacturing sector grew modestly in 2022 after stagnating the previous month. The business category of repair, maintenance, and services continued to support the industry.
In December, industrial production increased by 1.6 percent on a month-to-month basis after being adjusted for season and working days.
Read More: Dutch Inflation Near 1-Year Low, Manufacturing Downturn Softens
After stagnating the previous month, the average daily production of Dutch industry increased 0.5 percent on an annual basis. The latest growth rate was the lowest since December 2020. In 2022, production grew by an average of 6 percent.
In January, manufacturers had a slightly higher level of optimism than one month prior. They were also more confident about their orders. This was mainly because of a better business environment in Germany. Germany is an important destination for Dutch industry exports.
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