Netherlands: PMI moderates in February
March 2, 2015
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, decreased in February from January’s 54.1 to 52.2, marking the worst result in five months. However, the PMI index still remains well above the 50-threshold that separates expansion from contraction in business conditions.
According to Markit Economics, February’s moderation resulted from slower growth of output and new orders. In addition, employment dropped and stocks of purchases fell at a faster pace than in the previous month. Input and output prices both fell compared to January.