Netherlands PMI September 2018

Netherlands

Netherlands: Manufacturing conditions improve at the quickest pace in three months in September

October 1, 2018

The Dutch manufacturing sector finished the third quarter on a strong footing, with the headline manufacturing Purchasing Managers’ Index (PMI) increasing from 59.1 in August to 59.8 in September, marking a three-month high. The index, produced by NEVI and IHS Markit, remained above the crucial 50-point threshold that separates expansion from contraction in the manufacturing sector, as has been the case since July 2013.

The improvement in the headline reading was thanks to faster increases in output, employment, new orders and new export orders, with new export orders and employment rising at the steepest pace in seven and eight months respectively. In part reflective of healthy demand levels, suppliers’ delivery times and manufacturers’ input orders rose sharply.

In September, input price inflation increased rapidly due to shortages of raw materials and higher prices for steel and oil. These higher costs were passed on to consumers, with output price inflation reaching a seven-month high. Business sentiment improved, with firms planning to increase capacity and introduce new products going forward.

Netherlands Fixed Investment Forecast


FocusEconomics Consensus Forecast panelists see fixed investment rising 5.0% in 2018, which is down 0.2 percentage points from last month’s forecast. For 2019, the panel expects fixed investment to increase 3.3%, down 0.1 percentage points from last month.


Author:, Economist

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Netherlands PMI Chart


Netherlands PMI September 2018

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: IHS Markit and NEVI.


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