The NEVI Netherlands Manufacturing PMI increased to 49.9 in January of 2020 from 48.3 in November, pointing to a stabilisation in factory activity. Weak demand conditions remained a key drag on order books and output, although both fell at softer rates compared to December. Job creation was only slight amid reports of filling previously held vacancies. Also, cost burdens rose for the second month, due to rising raw material and wage costs, alongside unfavourable exchange rates. Higher cost burdens were partially passed onto clients in January, with average selling prices rising solidly. Finally, business confidence regarding the year ahead outlook for output strengthened to a 14-month high, linked optimism to hopes of improved demand conditions, as well as plans to enter into new markets.
Manufacturing Pmi in Netherlands averaged 54.03 points from 2012 until 2020, reaching an all time high of 63.40 points in February of 2018 and a record low of 48 points in March of 2013. This page provides - Netherlands Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics
Manufacturing Pmi in Netherlands is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Netherlands to stand at 54.00 in 12 months time. In the long-term, the Netherlands NEVI Manufacturing PMI is projected to trend around 54.00 points in 2021 and 55.00 points in 2022, according to our econometric models.