Netherlands: PMI inches up again in July
August 1, 2014
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, inched up from 52.3 in June to 53.5 in July. Following the moderate decline recorded in June, the PMI index again rose further above the 50-threshold that separates expansion from contraction in business conditions.
According to Markit, “Dutch manufacturing sector business conditions strengthened in July,” and the reading was, “indicative of a solid rate of improvement.” An expansion was recorded in manufacturing output, new domestic and export orders, employment and purchasing activity. In addition, stocks of finished products and outstanding business fell in July. Both input prices and prices charged for finished products increased and delivery times lengthened.