FX.co ★ Dutch Industrial Output Falls Further

Industrial output in the Netherlands continued its downward trend in April, albeit at a reduced rate compared to the previous month, according to data released by the Central Bureau of Statistics on Monday.

Year-on-year, industrial production fell by 3.5 percent in April, following a 5.1 percent decrease in March. The decline in production has been ongoing since July 2023.

Sector-wise, the industry for repair and installation of machinery saw the steepest decline, dropping by 38.2 percent, while the transport sector experienced a 14.0 percent decrease.

However, on a monthly basis, industrial production saw a slight rise of 0.4 percent in April.

Moreover, industry producers exhibited less pessimism in May compared to April, with manufacturers expressing greater optimism regarding expected activity levels.