Netherlands: August PMI hits lowest level in over a year, but remains in expansionary territory
September 1, 2014
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, declined from 53.5 in July to 51.7 in August, which marks the lowest level since July 2013. However, the PMI index is still above the 50-threshold that separates expansion from contraction in business conditions.
According to Markit Economics, August’s figure mainly reflected that, “slower growth of output, new orders and employment, combined with a sharper decline in stocks of purchases,” weighed on the PMI. Suppliers’ delivery time was the only category that recorded an improvement over the previous month.