Netherlands: PMI ticks up in March
April 1, 2015
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, inched up from February’s five-month low of 52.2 to 52.5 in March. As a result, the PMI index moved a bit further above the 50-threshold that separates expansion from contraction in business conditions.
According to Markit Economics, March’s marginal improvement reflects that employment returned to growth and that stocks of purchases dropped at a softer pace. While output and new orders continued to expand, their pace of growth slowed somewhat compared to the previous month. Input prices continued to decrease and output prices rose for the first time in eight months. Stocks of finished products in March were unchanged compared to February.