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Dutch manufacturing sector grows

Staff writer ▼ | February 4, 2014
Dutch manufacturing sector grew further in January, albeit at a slower pace, survey data from Markit Economics showed.
Dutch manufacturing
Dutch manufacturingDutch manufacturing sector grew further in January, albeit at a slower pace, survey data from Markit Economics showed.


The headline NEVI Purchasing Managers' Index (PMI) fell to 54.8 from December's 57. A reading above 50 indicates expansion in the sector. The latest score is a three-month low, but remained above the long-term average of 51.6.

Contributions from all five components of the PMI was weak in January. Output growth eased slightly, but was strong. Orders grew further, but the pace was the slowest since October.

Employment declined for the first time in five months, mainly owing to company restructuring policies. Input costs rose for a fifth straight month, but the inflation rate slowed from December's 15-month high. Output prices eased for the first time in five months.


 

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