Oct 2, 2023 at 9:47 AM Update: 15 minutes ago
The Dutch industry is in trouble. The number of orders has been declining for some time, both domestically and from abroad. Some companies are therefore cutting back on their workforce.
This is evident from Nevi’s purchasing managers index, which provides an indication every month of how the industry is doing. The index is at its lowest point since May 2020, two months after the outbreak of the corona pandemic.
It is already the seventh month in a row that Dutch industry produces less than the month before. This decline was reflected in a quarter of the companies.
To maintain sales levels, a number of companies decided to lower prices. Prices were also able to come down because purchasing costs had fallen as a result of cheaper energy and raw materials.
It has been known for some time that the industry is not doing well. For example, income for the Dutch manufacturing sector in the second quarter was 7.5 percent lower than a year earlier. The chemicals and refineries in particular had to make do with much less income. The number of bankruptcies has also been relatively high for some time.
Image: ANP
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Economy
2023-10-02 07:47:25
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