The Nevi Netherlands Manufacturing PMI dropped to 44.2 in May 2023 from 44.9 in April, marking its ninth consecutive month of contraction and was the steepest fall since May 2020. The ongoing weak demand pushed new orders and export orders to decline at a rate that was the quickest in six months, while output contracted to a record pace. As the workloads lowered, purchasing activity fell faster than in the previous month, while inventories dropped for the fourth month. On a positive note, suppliers' performance continued to improve, leading to a cut in input costs, which was the sharpest since 2015. Subsequently, selling prices decreased for the first time in almost three years. Also, despite the deterioration in market conditions, employment rose further, albeit modestly. Finally, business confidence slipped to a five-month low, but firms remained optimistic about production in the coming twelve months. source: Markit Economics
Manufacturing PMI in Netherlands averaged 54.29 points from 2012 until 2023, reaching an all time high of 69.40 points in May of 2021 and a record low of 40.50 points in May of 2020. This page provides - Netherlands Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands NEVI Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Manufacturing PMI in Netherlands is expected to be 47.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands NEVI Manufacturing PMI is projected to trend around 54.50 points in 2024 and 53.40 points in 2025, according to our econometric models.