FX.co ★ Dutch Manufacturing PMI Falls to 8-Month Low

In January 2026, the Nevi Netherlands Manufacturing PMI saw a decline to 50.1, down from the previous month's 51.1, indicating the weakest enhancement in operating conditions during the ongoing eight-month growth period. This downturn was attributed to a reduction in overall new orders for the first time in eight months, which was largely due to a decrease in domestic demand, despite a slight uptick in export sales. However, manufacturing output and employment experienced a slight increase as companies fulfilled previously secured orders, while the backlog of orders decreased at the most accelerated rate since February 2025. Manufacturers responded by reducing input purchasing and trimming inventories, with stocks of finished goods diminishing at the quickest rate in four and a half years. On the pricing front, inflationary pressures intensified, driven by rising costs associated with metals, plastics, labour, and transport, leading to faster increases in selling prices. Lastly, business confidence dipped to its lowest since November 2024, as delicate demand conditions impacted the twelve-month outlook.