Netherlands: PMI rises in March
April 1, 2016
The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by Markit and NEVI, advanced from 51.7 in February to 53.6 in March, which marked the highest reading in five months. Thus, the PMI remains above the 50-threshold that separates expansion from contraction in business conditions.
March’s improvement mainly reflected solid increases in output, new orders and employment. In fact, output recorded the largest expansion in three months, while new orders grew at the fastest pace since August 2015. As for prices development, input prices and output charges both decreased. Jack Kennedy, Senior Economist at Markit, commented on March’s result, saying that, “the Dutch manufacturing sector ended Q1 on a high, with output growth accelerating the fastest since the turn of the year. Improving demand was the driver, with new export orders showing particular perkiness. Falling input prices allowed manufacturers to cut their charges further, which should help sustain the upturn in the coming months.”