Netherlands: Manufacturing PMI decreases in December
The Manufacturing Purchasing Managers’ Index (PMI)—produced by Nevi and S&P Global— fell to 44.8 in December from November’s 44.9. Consequently, the index remained entrenched below the 50.0 no-change threshold, signaling a deterioration in manufacturing sector operating conditions from the previous month.
The reading was negatively impacted by sharp declines in new orders and output due to weak demand, particularly in the construction sector. Moreover, employment declined for the seventh consecutive month in November, marking the most pronounced reduction in three months.
Regarding prices, both input and output prices decreased due to lower purchasing costs for raw materials and energy. Finally, companies expressed confidence that output would expand during the next 12 months; however, the degree of optimism was the weakest since October 2022.