Netherlands: PMI edges down in November
October 1, 2015
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, fell slightly from 53.7 in October to 53.5 in November. Despite the moderation, the PMI remains well above the 50-threshold that separates expansion from contraction in business conditions.
According to Markit Economics, November’s slight setback mainly reflected that output and total new orders, including new export orders, expanded at a slower pace. In addition, backlogs of work decreased. On a positive note, employment grew at the fastest rate since April 2011. While input prices continued to decline due to decreasing prices for raw materials, enterprises increased their output charges slightly in November.
According to the survey report, “the Dutch manufacturing sector lost momentum in November as new order growth slowed to near-stagnation. However, this did not prevent employment increasing at the strongest pace in over four-and-a-half years, suggesting that firms remain positive regarding their business prospects. A further drop in input prices helped manufacturers rebuild their profit margins, as output prices were raised slightly.”