Netherlands NEVI Manufacturing PMIMay 2023 Data - 2012-2022 Historical

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.

The Nevi Netherlands Manufacturing PMI fell to 44.9 in April 2023 from 46.4 in the previous month, pointing to the eighth straight month of contraction in the sector and the steepest fall since May 2020, as output shrank at a faster pace while new orders dropped at the fastest pace since last November, with new export orders dropping at a similarly sharp pace in April. Purchasing activity declined at a substantial rate and only slightly slower than March's 34-month record, with stock purchases depleting at the strongest rate since May 2013. Meanwhile, employment rose marginally. On a positive note, supplier delivery times improved, with the shortening in average lead times being the greatest in the survey’s history, as waning demand for inputs helped to ease capacity pressures at vendors. On prices, input cost inflation slowed and was only slightly slower than March's 34-month record, while output cost inflation eased to a 30-month low. Finally, business sentiment remained subdued.

The Nevi Netherlands Manufacturing PMI dropped to 46.4 in March 2023, the second lowest since June 2020 and from 48.7 in the previous month, amid weak underlying demand conditions. New orders fell for the eight consecutive month, while export orders dipped to its fastest rate in three months. With lower order intakes, production also decreased, albeit modest, it ended a two-month growth sequence. Moreover, Dutch manufacturers made a considerable cutback in input buying, while pre-production inventories declined to its sharpest since May 2013. On a positive note, supplier delivery times improved to its second strongest rate on record, while employment remained resilient, increasing to a level faster than in February. On prices, output charges eased to its lowest since November 2020, as input costs fell for the first time in 32 months. Looking ahead, business sentiments waned slightly compared last month, but an overall optimism about future production was maintained.