The Nevi Netherlands Manufacturing PMI edged up to 51.9 in July 2025 from 51.2 in June. This marked the second straight month of growth and at the sharpest rate since May 2024, mainly driven by stronger growth in new orders, particularly export orders. As has been the case since March, production volumes continued to rise steadily. In response, firms expanded their workforce, with the rate of job creation reaching its highest level since March 2023. At the same time, backlogs of work dropped further, extending the current trend of depletion to two and a half years. For the first time in nearly three years, firms also increased their purchases of inputs, which led the first rise in pre-production inventories since early 2023. However, average input lead times lengthened. On the price front, both input cost and output charge inflation accelerated, though they remained subdued by historical standards. Lastly, manufacturers’ year-ahead growth expectations improved in July.