Netherlands: PMI inches up in January
February 2, 2015
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, increased from December’s 53.5 to 54.1 in January, marking an improvement following the drop in December. As a result, the PMI index moved further above the 50-threshold that separates expansion from contraction in business conditions.
According to Markit Economics, January’s improvement came on the back of rising output and an increase in new orders. In addition, Markit noted that backlogs of work continued to decline and employment increased, while input and output prices fell.