Netherlands PMI

Netherlands

Netherlands: August PMI hits lowest level in over a year, but remains in expansionary territory

September 1, 2014

The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, declined from 53.5 in July to 51.7 in August, which marks the lowest level since July 2013. However, the PMI index is still above the 50-threshold that separates expansion from contraction in business conditions.

According to Markit Economics, August’s figure mainly reflected that, “slower growth of output, new orders and employment, combined with a sharper decline in stocks of purchases,” weighed on the PMI. Suppliers’ delivery time was the only category that recorded an improvement over the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment rising 2.8% in 2014, which is down 1.8 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 2.8%.


Author: Teresa Kersting, Economist

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Netherlands PMI August 2014 0

Note: NEVI Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 point to a contraction.
Source: Markit and NEVI.


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