Dutch Manufacturing Declines to Lowest in Three Months
Manufacturing in the Netherlands fell to the lowest in three months in April, according to the Dutch institute for purchasing and supply management, NEVI.
The measure of manufacturing in the fifth-largest economy in the euro region dropped to 49 from 49.6 in March, the Zoetermeer, Netherlands-based NEVI said on its website today. It was the first time this year the measure declined, said the institute, which cited a drop in domestic orders, a slight increase in unemployment and a general worsening of the economic situation.
The index is based on a survey of about 350 purchasing managers by Markit Economics.
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