A number of manufacturers of cars and related items had to close the Dutch factories completely from March 19 due to the corona virus. This has partly led to the turnover in the so-called transport equipment industry being considerably lower in the second quarter, it reports. CBS Wednesday.
The revenues of this industrial branch were therefore significantly lower in April and May than a year earlier, with declines of 50.7 and 49.5 percent respectively. “Manufacturers of cars and trailers made 51 percent less turnover in the second quarter of 2020,” according to the CBS.
Of all manufacturers in the manufacturing industry, sales at the makers of cars and trailers fell the most in April and May: by 72.4 percent and 61.6 percent respectively compared to the same months last year. Petroleum producers also had to contend with a sharp 53.6 percent dip in sales. This was largely due to the fall in the oil price. It almost halved compared to the same period in 2019.
Across the board, industry sales for the second quarter were 16.6 percent lower for the months of April through June.