The Nevi Netherlands Manufacturing PMI fell to a four-month low of 51.8 in October 2025, from a more than three-year high of 53.7 in the previous month. While the pace of expansion moderated, new orders continued to drive growth, supported by a renewed rise in export demand amid increased interest from customers across Europe and the Asia-Pacific region. Subsequently, manufacturing output continued the ongoing growth trend that began in March. Meanwhile, employment levels fell for the first time since May, reflecting a combination of voluntary departures, restructuring initiatives, and reductions in temporary staff. On the price front, input costs rose slightly, driven by higher food, energy, and raw material prices, while output price inflation eased to its lowest level in a year. Finally, manufacturers remained optimistic about the twelve-month outlook, although the level of overall confidence remained below the series average.

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