Netherlands: PMI inches up in May
June 2, 2014
The manufacturing NEVI Purchasing Managers Index (OMI), which is produced by Markit, inched up from 53.4 in April to 53.6 in May, which represented a return to March’s level after April’s slight decrease. As a result, the PMI index remains above the 50-point threshold that separates expansion from contraction in business conditions.
According to Markit Economics, May’s figure indicated a solid improvement in overall operating conditions. More specifically, improvements in output, employment and delivery times contributed to the rise in the PMI. Conversely, new orders and stocks of new products decreased as compared to the previous month.