Dutch industry declined by 3% in May, machinery hit hardest

Photo: DutchNews.nl

Productivity in Dutch industry contracted by 3% in May, the 10th month in a row that the figure has dipped on an annual basis.

Two-thirds of sectors were less productive than a year earlier, with repairs and installation of machinery down by 26.5%.

Production of electric and electronic equipment was the only sector to record significant growth, increasing by 9.1%, according to figures released by the statistics agency CBS.

On a month-on-month basis productivity declined by 0.4% once seasonal factors are taken into account.

Dutch industry is heavily influenced by the performance of Germany, where productivity fell by 7% in May on an annual basis and 2.9% since April.

Since April last year productivity has declined in the Netherlands every month except last July, when it was up by 1.3%. The dip followed a sustained two-year recovery from the coronavirus pandemic, peaking at 13.4% in June 2021.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation