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Financial News: Dutch Industrial Production Growth Slows Further

Dutch Industrial Production Growth Slows Further

09/08/2017 - 01:13:00 (RTTNews)

(RTTNews) - Dutch industrial production growth eased for the second straight month in July, figures from the Central Bureau of Statistics showed Friday.

The average daily output of Dutch manufacturing industry climbed 3.0 percent year-over-year in July, slower than the 3.3 percent gain in June. The measure has been rising since October 2015.

Production in the electrical equipment industry grew the most by 19.1 percent annually in July, followed by transport equipment industry with 13.1 percent spike.

At the same time, output in the pharmaceutical industry registered a sharp contraction of 21.3 percent.

On a monthly basis, industrial production dropped a seasonally adjusted 0.7 percent from June, when it increased by 0.9 percent.

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