Netherlands PMI March 2016


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.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 4.7% in 2016, which is up 0.1 percentage pointsfrom the previous month’s estimate. For 2017, the panel expects fixed investment to increase 3.5%.

Author: Teresa Kersting, Economist

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Netherlands PMI Chart

Netherlands PMI March 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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