decline

Dutch industrial output fell by 0.7% in February compared to the previous year, with nearly three-quarters of all sectors seeing a contraction. While the machinery repair industry suffered a sharp 15% decline, other areas like machinery manufacturing saw growth, leaving overall production levels for 2024 relatively flat. Despite this monthly dip in output, business sentiment has shown signs of recovery, as producer confidence became less negative moving into March.

Dutch business investment fell by 2.6 per cent in December 2025, marking a third consecutive monthly decline driven largely by a slump in the aviation and road transport sectors. Despite reduced spending on lorries and vans, growth was recorded in passenger cars, buildings, and defence equipment. Looking ahead, the CBS "investment radar" suggests a less unfavourable climate for early 2026, bolstered by rising industrial capacity and stronger goods exports.