Netherlands: October PMI improves to three-month high
November 3, 2014
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, inched up from September’s 52.2 to 53.0 in October, the highest value in three months. As a result, the PMI index moved a bit further above the 50-threshold that separates expansion from contraction in business conditions.
According to Markit Economics, October’s improvement was mainly driven by rising production, new orders and employment. On the downside, stocks of purchases contracted. Input and output prices both fell again in October.