Dutch Manufacturing Expands First Time Since February, NEVI Says
Manufacturing in the Netherlands expanded for the first time in seven months, driven by an increase in export orders, according to NEVI, the Dutch institute for purchasing and supply management.
The September index of manufacturing in the euro area’s fifth-largest economy rose to 50.7 from 49.7 in August, the Zoetermeer, Netherlands-based institute said in an e-mailed statement. A reading above 50 indicates an expansion.
New orders, mainly from foreign countries, were the most important reason for the index’s gain, NEVI said. Sales prices declined for a third month while purchasing prices rose. Production rose slightly while work in progress continued to fall, it said.
The index is based on a survey of about 350 purchasing managers by Markit Economics.
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