Contraction in Netherlands Manufacturing Sector Grows, 47.6 PMI Lowest of Year

Posted on May 31, 2012

Manufacturing PMI index in contraction territory for 3 straight months.

  • Manufacturing economy registers 47.6 May, down from 49.0 in April;
  • New Orders declined at an accelerated pace and was the steepest decline since December 2011;
  • Export volumes were also marginally lower;
  • Output also declined, despite this order backlogs fell for the 14th straight month;
  • Employment has been reduced for the 2nd straight month as spare capacity is taken off line;
  • Input prices are falling. however, output prices continue to rise as manufacturers attempt to protect profit margins.