Netherlands: Manufacturing PMI rises in August
September 2, 2019
Survey data suggests that the Dutch manufacturing sector improved in August, as the NEVI Netherlands Manufacturing PMI, produced by NEVI and IHS Markit, hit a three-month high. The PMI came in at 51.6 in August, above July’s 50.7 and rising further into expansionary territory. That said, the figure still represents a low reading compared with historical data over the past few years.
The upturn was driven by a pick-up in output and new orders growth. Meanwhile, price pressures were reported as being weak in August, while jobs were added at the fastest pace in four months. Backlogs of work dropped at the quickest rate in over four years, however, pointing to persistent slack in the manufacturing sector.
Author: Jan Lammersen, Economist