A river under the bridge in the Netherlands

Netherlands PMI November 2023

Netherlands: Manufacturing PMI improves but remains contractionary in November

The Manufacturing Purchasing Managers’ Index (PMI)—produced by Nevi and S&P Global— rose to 44.9 in November from October’s 43.8. As such, the index moved closer to the 50.0 no-change threshold, signaling a softer deterioration in manufacturing sector operating conditions compared to the previous month.

The reading was negatively impacted by sustained declines in new orders and output. Moreover, employment declined for the sixth consecutive month in November. Regarding prices, both input and output prices decreased. Input costs dropped rapidly due to lower prices for raw materials, while output charges fell more modestly, as companies used some of these cost savings to boost profit margins. Finally, companies expressed confidence that their output would expand during the coming 12 months.

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