Dutch manufacturing growth improved marginally in March, due to slower rises in production and new orders, survey data from Markit Economics showed Wednesday.
The headline NEVI Purchasing Managers’ Index, or PMI, rose slightly to 52.5 in March from 52.2 in the previous month. A reading above 50 indicates expansion in the sector.
Manufacturing output continued to increase in March, but the rate of growth eased to the slowest in six months.
New orders also rose at a weaker pace in March. It increased at the least marked rate since September 2014.
Meanwhile, growth of new export orders accelerated in March from previous month’s six-month low.
Employment level in the Dutch manufacturing sector rose slightly in March, after declining in the prior month.
On the price front, input prices continued to fall in March, although the rate of decrease slowed to the lowest in four months. At the same time, selling prices increased for the first time in eight months, but the rate of growth was only marginal.
The material has been provided by InstaForex Company – www.instaforex.com