Netherlands PMI

Netherlands

Netherlands: PMI nears year-low in June

July 2, 2014

The NEVI Manufacturing Purchasing Managers’ Index (OMI), which is produced by Markit and NEVI, declined from 53.6 to 52.3 in June, which marks the lowest level since July 2013. However, the PMI index is still above the 50-point threshold that separates expansion from contraction in business conditions.

According to Markit Economics, June’s figure mainly reflected that, “[g]rowth of output eased to an 11-month low, as a subdued domestic market partly offset solid gains in new export business.” However, an expansion was recorded in manufacturing output, new orders and employment. Input costs and average output charges both increased as compared to the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment rising 4.7% in 2014, which is down 0.1 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 3.3%.


Author: Teresa Kersting, Economist

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Netherlands PMI Chart


Netherlands PMI June 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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