Amsterdam, 23 September 2024 — After two years of contraction, the Dutch industrial sector is expected to see a resurgence in 2025, according to a forecast by ING economists. The prediction comes as a welcome sign for the Netherlands, which has recently faced economic challenges but remains a key player in the Eurozone’s industrial landscape.
The Dutch industrial sector, which includes key industries such as chips, machinery, and chemicals, is anticipated to grow by two percent next year. This comes after a three percent contraction in 2024. ING’s乐观 outlook is based on several positive indicators that suggest the sector is on an upward trajectory.
More and more lights are going to green in 2025, stated ING, highlighting the sector’s promising future.
The Netherlands has historically been a leader in industrial growth within the Eurozone, particularly in 2021 and 2022. However, the sector’s performance began to decline in subsequent years. Despite this, the country’s relatively large chemical industry has shown resilience and is not expected to contract in the short term.
The way upwards has begun, noted the economists, signaling a turning point for the industry.
One of the key drivers of this expected growth is the increase in new orders within the machinery industry. For the first time in years, the number of new orders has surpassed the sector’s average. This surge in demand is a strong indicator of an impending recovery.
Additionally, the global chip market’s recovery is expected to continue, driven by the rising demand for Artificial Intelligence (AI) applications. Dutch companies like ASMI and ASML are poised to benefit from this trend. As customers slowly deplete their stockpiles, the demand for chips is expected to pick up, further fueling the industrial sector’s growth.
The recovery in the chip market is particularly significant for the Netherlands. ASMI, a leading provider of semiconductor equipment, and ASML, a global leader in lithography systems, are two of the country’s most prominent players in the industry. Their success directly impacts the overall health of the Dutch industrial sector.
Dutch companies like ASMI and ASML are well-positioned to capitalize on the global chip market’s recovery, said ING economists.
The Netherlands’ strategic location in Europe also contributes to its industrial strength. As a gateway to the European market, the country benefits from its proximity to major markets and its robust transportation infrastructure. This has historically made it an attractive location for industrial investment.
However, the road to recovery is not without its challenges. The global economic environment remains uncertain, with factors such as geopolitical tensions and supply chain disruptions posing potential risks. Nonetheless, the Dutch government and industry leaders remain optimistic about the sector’s prospects.
The Dutch industrial sector’s resilience and adaptability have always been its strengths, commented a spokesperson for the Dutch Ministry of Economic Affairs and Climate.
In conclusion, the Dutch industrial sector’s expected growth in 2025 is a positive sign for the country’s economy. With the chip, machinery, and chemical industries leading the way, the sector is poised to contribute significantly to the Netherlands’ economic recovery. As the world continues to grapple with the aftermath of the COVID-19 pandemic and other global challenges, the Dutch industrial sector’s resilience offers a beacon of hope for the country and the Eurozone as a whole.
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