Netherlands PMI

Netherlands

Netherlands: PMI inches up in May

June 2, 2014

The manufacturing NEVI Purchasing Managers Index (OMI), which is produced by Markit, inched up from 53.4 in April to 53.6 in May, which represented a return to March’s level after April’s slight decrease. As a result, the PMI index remains above the 50-point threshold that separates expansion from contraction in business conditions.

According to Markit Economics, May’s figure indicated a solid improvement in overall operating conditions. More specifically, improvements in output, employment and delivery times contributed to the rise in the PMI. Conversely, new orders and stocks of new products decreased as compared to the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment rising 4.9% in 2014, which is up 0.1 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 3.1%.


Author: Teresa Kersting, Economist

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Netherlands PMI Chart


Netherlands PMI May 2014 0

Note: NEVI Manufacturing Purchasing Managers’ Index (PMI). Readings above 50-threshold indicate an expansion in the manufacturing sector while readings below 50 points to a contraction.
Source: Markit.


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