Dutch manufacturing output fell in November at the quickest rate since May 2009 while orders dropped the most in two and a half years.
The measure of manufacturing in the fifth-largest economy in the euro region slipped to 46 from 48 in October when adjusted for seasonal swings, the Zoetermeer-based Dutch institute for purchasing and supply management NEVI said on its website today. In September, it dropped below the 50 mark for the first time since July 2009, indicating a contraction.
The Dutch economy may shrink in the second half of the year as a result of decelerating world trade, fiscal consolidation and subdued household income growth, the Organization for Economic Cooperation and Development said on Nov. 28.
The index is based on a survey of about 350 purchasing managers by Markit Economics.