Productivity in Dutch industry contracted by 3% in May, the 10th month in a row that the figure has dipped on an annual basis.

Two-thirds of sectors were less productive than a year earlier, with repairs and installation of machinery down by 26.5%.

Production of electric and electronic equipment was the only sector to record significant growth, increasing by 9.1%, according to figures released by the statistics agency CBS.

On a month-on-month basis productivity declined by 0.4% once seasonal factors are taken into account.

Dutch industry is heavily influenced by the performance of Germany, where productivity fell by 7% in May on an annual basis and 2.9% since April.

Since April last year productivity has declined in the Netherlands every month except last July, when it was up by 1.3%. The dip followed a sustained two-year recovery from the coronavirus pandemic, peaking at 13.4% in June 2021.