The Nevi Netherlands Manufacturing PMI eased to 51.1 in December 2025 from 51.8 in November, marking the slowest pace of improvement since May. New orders grew at a softer rate, dragged down by weaker export sales, contributing to a slight contraction in output. Meanwhile, employment returned to modest growth and business confidence improved to a 10-month high. Meanwhile, employment returned to modest growth and business confidence improved to a 10-month high. Supply chain pressures intensified as suppliers’ delivery times lengthened to the worst level in over three years, despite broadly unchanged purchasing activity and declining inventories. On the price front, input costs and output charges rose to four-month high, driven mainly by higher energy and wage costs, particularly in the capital goods sector. All manufacturing sub-sectors expanded overall, led by investment goods, pointing to a broader albeit slower upturn at the end of 2025.
