Dutch Inflation Near 1-Year Low, Manufacturing Downturn Softens
2023年2月1日 - 01:51PM
The Netherlands' consumer price inflation slowed to the lowest
in nearly a year in January and the downturn in manufacturing
softened on renewed expansion in production, separate data revealed
Consumer prices rose 7.6 percent from the previous year, slower
than the 9.6 percent increase in December, the flash estimates from
Central Bureau of Statistics showed. This was the lowest rate since
last February, when inflation was 6.2 percent. Prices of consumer
goods and services were 9.6 percent more expensive than a year ago.
Final data is due on February 9.
Inflation, based on the harmonized index of consumer prices,
slowed to 8.4 percent in January from 11.0 percent in December.
Flash inflation data for the euro area is due today. Eurozone
inflation is expected to moderate to 9.0 percent in January from
9.2 percent in December.
In January, the Dutch manufacturing sector contracted at a
slower pace as there was an improvement in production and new
orders posted a slower fall, survey results from S&P Global
The manufacturing Purchasing Managers' Index rose to 49.6 in
January from 48.6 in December. The pace of fall was the softest in
the current five-month sequence of contraction.
Output expanded for the first time in six months as the
improvement in supply chains helped manufacturers to boost
production capacities. Moreover, orders dropped at the slowest pace
in five months. Similarly, the fall in export orders also
Firms reduced their purchasing activity at the slowest rate in
five months. On the other hand, their holdings of inputs and
semi-finished goods grew slightly.
The degree of confidence regarding future output strengthened to
an 11-month high in January. Companies were planning to expand
their businesses, scale up production and develop new products.
Manufacturers continued to lift their workforce, extending the
current sequence of job creation to 27 months.
Regarding prices, the survey showed that average input costs and
selling prices continued to increase in January. That said, rates
of inflation dipped to 27- and 23-month lows, respectively.
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