FX.co ★ Dutch NEVI Manufacturing PMI Falls to 4-Month Low

The Dutch manufacturing sector, as indicated by the Nevi Netherlands Manufacturing PMI, experienced a slight decline to 49.0 in May 2025, down from 49.2 in April. This marks the third consecutive month of contraction, the swiftest since January, and underscores ongoing weak demand, with new orders decreasing for the tenth time over the last eleven months. Although output has increased marginally for the third month in a row, this is primarily due to companies working through their existing backlogs. Employment, however, saw its steepest decline since December 2023, attributed to restructuring and permanent layoffs. Additionally, purchasing activity and input inventories decreased, whereas delivery times modestly improved for the first time in a year. In terms of pricing, input cost inflation has reduced to its lowest point for the year, and output price inflation has also decelerated. Despite a slight uplift in business confidence, sentiments remain historically subdued, influenced by ongoing trade tensions and economic uncertainties.