Netherlands November Manufacturing PMI Hits 20-Month High

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Tuesday, Markit Economics announced that the Netherlands NEVI Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 51.9 in November. A reading above 50 indicates expansion, while one below 50 suggests contraction. This was the highest reading in the index since March 2008.

Manufacturing output increased at a robust pace in November reflecting the increase in new business. New orders increased for the fifth straight month, with respondents citing restocking at clients and price discounting as contributing factors.

Despite the improvement in manufacturing activity, employment in the Dutch manufacturing sector contracted for the fifteenth straight month, with firms blaming cost pressures and ongoing structural reorganisation for the cutbacks.

Tuesday, Markit Economics announced that the Netherlands NEVI Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 51.9 in November. A reading above 50 indicates expansion, while one below 50 suggests contraction. This was the highest reading in the index since March 2008. (Market News Provided by RTTNews)