The NEVI Netherlands Manufacturing PMI rose to 45.2 in June 2020 from 40.5 in the previous month. The latest reading pointed to the softest rate of decline in the current three-month sequence of deteriorating conditions in factory activity, amid the easing of coronavirus lockdown restrictions. Output continue to shrink albeit at a weaker pace amid reports of muted domestic and foreign demand conditions. New orders dropped at a slower rate and export orders also declined at a softer, but still substantial, rate. In addition, the rate of job shedding eased slightly since May but remained marked overall. On the price front, input cost dropped at the quickest pace in over 4 years due to lower raw material and energy prices and output charges fell for the second successive month. Lastly, sentiment improved amid hopes of an economic recovery.
Manufacturing Pmi in Netherlands averaged 53.64 points from 2012 until 2020, reaching an all time high of 63.40 points in February of 2018 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 July of 2020. source: Markit Economics
Manufacturing Pmi in Netherlands is expected to be 48.30 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 53.00 points in 2021 and 54.00 points in 2022, according to our econometric models.