Dutch Manufacturing Fell for Fourth Month as Employment Shrank, NEVI Says
Dutch manufacturing fell for a fourth consecutive month in December while employment shrank for a third month.
The measure of manufacturing in the fifth-largest economy in the euro region rose to 46.2 from 46 in December 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 probably shrank in the second half of 2011 because of decelerating world trade, budget cuts 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.
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