Netherlands PMI

Netherlands

Netherlands: November PMI continues upward trajectory; reaches 9-month high

December 1, 2014

The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, increased from October’s 53.0 to 54.6 in November, the highest reading since February this year. As a result, the PMI index moved further above the 50-threshold that separates expansion from contraction in business conditions.

According to Markit Economics, November’s improvement came on the back of rising output, new orders and employment. Furthermore, Markit noted that while the contraction in stocks of purchases softened, suppliers delivery times increased at a faster rate than in October.

FocusEconomics Consensus Forecast panelists see fixed investment rising 2.5% in 2015, which is up 0.2 percentage points from the previous month’s estimate. For 2016, the panel expects fixed investment to increase 2.8%.


Author: Teresa Kersting, Economist

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Netherlands PMI Chart


Netherlands PMI November 2014

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: Markit and NEVI.


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