Netherlands PMI April 2016


Netherlands: PMI moderates in April but remains in expansion mode

May 2, 2016

The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by Markit and NEVI, fell from 53.6 in March to 52.6 in April. Nevertheless, the PMI remains above the 50-threshold that separates expansion from contraction in business conditions.

April’s moderate setback mainly reflected that output and new orders expanded at a slower pace than in March. However, employment continued to rise and manufacturers’ purchasing activity picked up. Regarding price developments, input prices and output charges continued to drop. Jack Kennedy, Senior Economist at Markit, commented on March’s result, saying that, “the latest PMI data indicate that the Dutch manufacturing sector carried solid growth momentum into the second quarter. Although cooling a touch since March, output continues to expand at a reasonable clip, boosted by perky export orders in particular. Falling input costs afforded manufacturers scope to cut their output charges further, aiding pricing strategies.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 5.0% in 2016, which is up 0.3 percentage points from the previous month’s estimate. For 2017, the panel expects fixed investment to increase 3.3%.

Author: Teresa Kersting, Economist

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Netherlands PMI Chart

Netherlands PMI April 2016

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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