FX.co ★ Dutch Manufacturing Growth Highest in Over 3 Years

In September 2025, the Nevi Netherlands Manufacturing PMI climbed to 53.7, up from 51.9 in August, marking the most significant enhancement in the sector's conditions since July 2022. This improvement was underpinned by notable increases in output and new orders, reaching a 16-month high, spurred by robust domestic demand and the launch of new products. Consequently, the fastest rate of job creation since late 2022 was reported by firms. There was also relief from easing cost pressures, as input price inflation decelerated to its slowest since October 2024. However, export sales declined, which restricted overall order growth, and backlogs of work reduced only slightly, as companies leveraged their inventories to satisfy demand. Moreover, supply chains encountered renewed challenges, with vendor delivery times extending at the most significant rate in nearly three years. Looking forward, manufacturers maintained an optimistic outlook, although they remained cautious due to the risks posed by intensified competition, US tariffs, and subdued export demand.