Netherlands: November PMI continues upward trajectory; reaches 9-month high
December 1, 2014
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, increased from October’s 53.0 to 54.6 in November, the highest reading since February this year. As a result, the PMI index moved further above the 50-threshold that separates expansion from contraction in business conditions.
According to Markit Economics, November’s improvement came on the back of rising output, new orders and employment. Furthermore, Markit noted that while the contraction in stocks of purchases softened, suppliers delivery times increased at a faster rate than in October.