The Dutch manufacturing output dropped for a second consecutive month in October and reached the lowest in 27 months because of fewer orders.
The measure of manufacturing in the fifth-largest economy in the euro region fell to 48 from 48.9 in September when adjusted for seasonal swings, the Dutch institute for purchasing and supply management NEVI said today. In September, it dropped below the 50 mark for the first time since July 2009, NEVI said.
The index is based on a survey of about 350 purchasing managers by Markit Economics.
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