Netherlands PMI December 2016


Netherlands: Manufacturing PMI hits multi-year high in December

January 2, 2017

The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit and NEVI, rose from 57.0 in November to 57.3 in December, the best reading since April 2011. The PMI thus moved further above the 50-threshold that separates expansion from contraction in business conditions.

December’s result reflected stronger growth in output, new orders and employment, with output increasing at the fastest pace in three and a half years. Moreover, favorable demand conditions pushed manufacturers to increase their purchasing activity to the highest level since records began in March 2000. On the external front, new export orders also increased at a healthy pace, fueling the strongest foreign demand since July 2015. Regarding price developments, input prices grew at the fastest pace in over five years on the back of a weaker EUR/USD exchange rate, which led prices for imported goods to rise; consequently, manufacturers reacted by raising output prices.

FocusEconomics Consensus Forecast panelists see fixed investment rising 3.5% in 2017, which is up 0.3 percentage points from the previous month’s estimate. For 2018, the panel expects fixed investment to increase 3.1%.

Author: Massimo Bassetti, Economist

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Netherlands PMI Chart

Netherlands PMI December 2016

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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