The Nevi Netherlands Manufacturing PMI fell to 53.8 in August 2026 from 54.4 in July, marking its lowest level since March. Growth in both output and new orders moderated during the month, although both remained elevated by historical standards. A strong rise in export sales, the most marked in more than four years, helped cushion the slowdown in total order-book growth. Employment declined for the first time in four months, largely reflecting voluntary staff departures that were not replaced, while outstanding workloads increased for a fourth consecutive month. Supply chains and prices continued to be affected by disruptions related to the war in the Middle East, although both input and charge inflation eased to their lowest rates since February. Manufacturers remained optimistic about future growth, but the level of confidence weakened from July’s seven-month high and slipped below its long-run average.