FX.co ★ Dutch Manufacturing Growth Nearly Stalls in May, Slipping to 0.1% MoM

Dutch manufacturing production almost ground to a halt in May 2026, with month‑on‑month growth easing sharply to 0.1%, down from 1.4% in April. The latest figures, updated on 10 July 2026, indicate that the strong momentum seen earlier in the spring has largely faded.

On a month‑over‑month basis, the new reading shows that output in May barely exceeded April levels, in contrast to April’s solid 1.4% increase over March. The data suggest a marked loss of pace in the manufacturing sector, with growth effectively flattening as the second quarter progresses.

The comparison underscores how quickly conditions have shifted: while April’s performance pointed to a healthier rebound in Dutch industry, May’s near‑zero gain raises questions about the durability of that recovery and signals a more cautious outlook for the months ahead.