Dutch Manufacturing PMI Falls to 8-Month Low

The Nevi Netherlands Manufacturing PMI fell to 50.1 in January 2026 from 51.1 in the previous month, marking the weakest improvement in operating conditions in the current eight-month expansion. The decline reflected the first drop in overall new orders in eight months, driven by softer domestic demand, despite a modest rise in export sales. Nonetheless, manufacturing output and employment edged higher as firms worked through previously secured orders, while backlogs fell at the sharpest pace since February 2025. Manufacturers also cut input purchasing and inventories, with stocks of finished goods declining at the fastest rate in four-and-a-half years. On the price front, inflationary pressures intensified, with input costs rising due to higher metals, plastics, labour, and transport prices, prompting faster increases in selling prices. Looking ahead, business confidence weakened to its lowest level since November 2024, as fragile demand conditions weighed on the twelve-month outlook.