FX.co ★ Dutch NEVI Manufacturing PMI Falls to 3-Month Low

In April, the Nevi Netherlands Manufacturing PMI dropped to 49.2 from 49.6 in March, indicating contraction for the second consecutive month and hitting the lowest point since January. The figures highlighted continued demand weakness, with new orders declining at their fastest rate in three months. Although output saw a slight increase, it was less robust than the previous month. Employment figures fell for the ninth month in a row, with job losses escalating at the quickest pace since December 2023, maintaining a generally high level of reduction. Purchasing activities declined, and delivery times extended modestly due to stock shortages and maintenance-related disruptions at suppliers. In terms of prices, input costs rose as a result of increased raw material expenses and wage hikes, though the overall rate of inflation eased to its mildest since January. Output price inflation similarly diminished, reaching a three-month low. Lastly, business confidence also dipped to a four-month low, impacted by ongoing geopolitical uncertainties.