Latest news with #StatisticsNetherlands
Fibre2Fashion
30-05-2025
- Business
- Fibre2Fashion
Dutch economy posts weak growth amid falling output prices
The Dutch economy showed marginal growth in the first quarter of 2025 (Q1 2025), with GDP increasing by just 0.1 per cent quarter-on-quarter (QoQ), primarily due to a smaller reduction in inventories and higher public spending, according to Statistics Netherlands (CBS). The Dutch economy grew 0.1 per cent in Q1 2025, driven by smaller inventory reductions and higher public spending. Consumer confidence was flat, while producer sentiment worsened. Manufacturing output rose 1.3 per cent YoY in March but dipped 0.6 per cent from February. Export volumes grew 3.2 per cent YoY. Output prices fell 1.0 per cent YoY in April, led by a 29 per cent drop in crude oil prices. The CBS Business Cycle Tracer painted a more negative picture in May compared to April, with 12 out of 13 indicators performing below their long-term trend. Consumer confidence remained unchanged while producer sentiment deteriorated further, both remaining below their 20-year average. Manufacturing output in March rose 1.3 per cent year-on-year (YoY), marking the third consecutive monthly increase after a prolonged decline, although it fell 0.6 per cent compared to February, CBS said in a release. Export volumes in March were 3.2 per cent higher YoY. Despite this, employment indicators were mixed, with unemployment stable at 387,000 in April, but total hours worked down 0.5 per cent in first quarter and vacancies falling by nearly 7,000 to 395,000. Output prices for manufactured goods declined by 1.0 per cent YoY in April, influenced by a nearly 29 per cent drop in crude oil prices. Prices for petroleum products fell by 21.0 per cent, and chemical product prices dropped 3.8 per cent. Month-on-month, manufacturing output prices declined 0.7 per cent in April, with both export and domestic market prices down. Fibre2Fashion News Desk (HU)
Fibre2Fashion
04-05-2025
- Business
- Fibre2Fashion
Dutch manufacturing output prices edge up 0.4% in March
Output prices for Dutch-manufactured goods rose by 0.4 per cent year on year in March 2025, a slowdown from the 1.4 per cent annual increase recorded in February, Statistics Netherlands (CBS) has reported. The modest rise reflects a larger year on year (YoY) drop in crude oil prices, which strongly influence industrial pricing trends. In March, the average price of North Sea Brent crude stood at €66 (~$75.00) per barrel—over 15 per cent lower than in March 2024. This compares to €72 (~$81.82) in February 2025, down nearly 5 per cent from a year earlier. As a result, output prices for petroleum derivatives declined by 11.4 per cent in March, deepening from an 8.0 per cent drop the previous month. The chemical sector also saw pressure, with output prices falling by 1.2 per cent in March after a 1.1 per cent rise in February, as per CBS. Month on month (MoM), manufacturing output prices dipped by 0.5 per cent. Export market prices fell by 0.3 per cent, while domestic prices dropped by 0.8 per cent, signalling weakened demand and lower input costs. Dutch manufacturing output prices rose by 0.4 per cent YoY in March 2025, easing from 1.4 per cent in February, due to falling crude oil prices. Brent crude averaged €66 ($75), over 15 per cent lower YoY. Petroleum derivative prices dropped 11.4 per cent, and chemical product prices fell 1.2 per cent. MoM, output prices declined 0.5 per cent, with export prices down 0.3 per cent. Fibre2Fashion News Desk (HU)
Fibre2Fashion
04-05-2025
- Business
- Fibre2Fashion
Netherlands GDP rises 0.1% in Q1 2025 amid weak demand
The Netherlands' gross domestic product (GDP) expanded by 0.1 per cent in the first quarter of 2025 (Q1 2025) compared to the previous quarter, according to the first estimate released by Statistics Netherlands (CBS). This modest increase follows a declining trend in quarterly growth over the past year. The slight uptick was primarily due to a smaller reduction in inventories and a 0.5 per cent rise in public consumption. However, the economic momentum was dampened by a 0.2 per cent decline in household consumption and a 2.2 per cent fall in fixed asset investments. The Netherlands' GDP grew by 0.1 per cent in Q1 2025 from the previous quarter, driven by higher public consumption and smaller inventory reductions, despite declines in household spending and investment. Year-on-year, GDP rose 2.0 per cent, with strong contributions from public consumption, trade surplus, and modest gains in exports and investment. External trade also weighed on growth, with exports of goods and services falling by 0.8 per cent, while imports dipped by just 0.1 per cent, narrowing the trade surplus, as per CBS Sector-wise, the public sector made the largest contribution to GDP growth due to its significant economic weight, despite value added increasing more steeply in the energy sector (5.8 per cent). On a year-on-year basis, the Dutch economy grew by 2.0 per cent in Q1 2025. Public consumption, up 2.8 per cent, and a favourable trade balance were the key growth drivers. Household consumption rose by 0.6 per cent, while investments and exports increased by 1.5 per cent and 0.9 per cent, respectively. Fibre2Fashion News Desk (HU)
Fibre2Fashion
03-05-2025
- Business
- Fibre2Fashion
Dutch manufacturers more pessimistic in April amid weaker outlook: CBS
Producer confidence among Dutch manufacturers declined in April, with the sentiment index falling from -1.5 in March to -3.3, according to Statistics Netherlands (CBS). Manufacturers were mainly less positive about expected output for the next three months. In addition, they were more negative about current stocks of finished products, as well as order positions, CBS said in a press release. Confidence was negative in almost all industrial sectors. Manufacturers in the textiles, clothes and leather industries were the most negative of any major sector. The only manufacturers with positive producer confidence where those in the category 'other manufacturing and repair', which includes furniture as well as the repair and installation of machinery. Dutch producer confidence declined to -3.3 in April from -1.5 in March, reflecting reduced optimism about future output, stock levels, and order positions, according to CBS. Sentiment was negative across most sectors, with textiles and apparel being the most pessimistic. Only 'other manufacturing and repair' was positive. Despite this, industrial capacity utilisation edged up to 77.5 per cent. Manufacturers who anticipated an increase in output over the next three months outnumbered those expecting a decrease. Manufacturers were more likely to indicate that their order position was weak rather than strong for the time of year, and more manufacturers described their current stock of finished products as large rather than small. The industrial capacity utilisation rate stood at 77.5 per cent at the start of Q2 2025. This is slightly higher than Q1 (77.2 per cent), but still relatively low, added CBS. In February, the calendar-adjusted output of the Dutch manufacturing sector was 1 per cent higher than it was in February 2024. This marks the second consecutive rise in production after a year and a half of decreasing production. Manufacturing output rose by 1.2 per cent relative to January, after adjusting for seasonal- and calendar effects. Producer confidence in April was below the 20-year average of -1.3. It reached an all-time high (10.4) in October 2021 and an all-time low (-31.5) in April 2020. Fibre2Fashion News Desk (SG)
