The NEVI Netherlands Manufacturing PMI rose to 47.9 in July of 2020 from 45.2 in the previous month. The latest reading pointed to the softest pace of contraction in the manufacturing sector since April, as output and new orders fell much less. However, employment continued to decrease markedly amid reports that factories were not operating at full capacity and choosing to limit working hours due to subdued demand conditions. Buying activity and stocks of purchases also fell again. On the price front, deflationary pressures persisted as input costs fell solidly and firms reduced their charges for the third successive month. Looking forward, sentiment remained positive in July, supported by optimism over loosening of Covid-19 related restrictions and hopes of an economic recovery.
Manufacturing Pmi in Netherlands averaged 53.58 points from 2012 until 2020, reaching an all time high of 63.40 points in February of 2018 and a record low of 40.50 points in May of 2020. This page provides - Netherlands Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands NEVI Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Markit Economics
Manufacturing Pmi in Netherlands is expected to be 48.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Netherlands to stand at 54.00 in 12 months time. In the long-term, the Netherlands NEVI Manufacturing PMI is projected to trend around 53.00 points in 2021 and 54.00 points in 2022, according to our econometric models.