Netherlands: PMI nears year-low in June
July 2, 2014
The NEVI Manufacturing Purchasing Managers’ Index (OMI), which is produced by Markit and NEVI, declined from 53.6 to 52.3 in June, which marks the lowest level since July 2013. However, the PMI index is still above the 50-point threshold that separates expansion from contraction in business conditions.
According to Markit Economics, June’s figure mainly reflected that, “[g]rowth of output eased to an 11-month low, as a subdued domestic market partly offset solid gains in new export business.” However, an expansion was recorded in manufacturing output, new orders and employment. Input costs and average output charges both increased as compared to the previous month.