Netherlands: September PMI recovers slightly and signals moderate improvement in business conditions
October 1, 2014
The NEVI Manufacturing Purchasing Managers’ Index (PMI), which is produced by Markit and NEVI, inched up from August’s 13-month low of 51.70 to 52.2 in September. As a result, the PMI index moved a bit further above the 50-threshold that separates expansion from contraction in business conditions.
According to Market Economics, September’s figure reflected small improvements in several categories that compose the index. Output and new orders, particularly export orders, employment as well as the purchasing activity of Dutch manufactures increased. However, backlogs and stocks of finished products decreased while delivery times lengthened. Input and output prices both declined in September.