Netherlands Manufacturing PMI Hits 21-Month High In December

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Markit Economics announced on Monday that the Netherlands NEVI Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 53.1 in December. A reading above 50 indicates expansion, while one below 50 suggests contraction. This marks the highest reading in the index since March 2008.

Manufacturing output increased at a robust pace in December reflecting growth in new incoming business. New orders increased for the sixth straight month and at an accelerated pace, with respondents citing foreign demand as the main impetus to growth.

Despite the improvement in manufacturing activity, employment in the Dutch manufacturing sector continued to fall in December, albeit at its weakest rate since September 2008.

Markit Economics announced on Monday that the Netherlands NEVI Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 53.1 in December. A reading above 50 indicates expansion, while one below 50 suggests contraction. This marks the highest reading in the index since March 2008. (Market News Provided by RTTNews)