Manufacturing activity showed mixed momentum in August 2026: the Nevi Netherlands Manufacturing PMI eased to 53.8 from 54.4 in July, while the S&P Global Vietnam Manufacturing PMI rose to 53.3 from 52.9. Dutch output and new-order growth moderated but remained elevated, with export sales rising sharply, whereas Vietnamese output expanded for a 16th consecutive month at its fastest pace in more than two years and new orders reached their strongest growth since October 2025. Employment declined in both markets, for the first time in four months in the Netherlands and the fifth time in six months in Vietnam. Price pressures eased in both countries, while business confidence remained positive but weakened from July.