The Dutch manufacturers reported a three-month high growth in output in October, survey data from Markit showed Monday.
The headline NEVI Purchasing Managers’ Index rose to 53.7 in October from 53 in September. A reading above 50 indicates expansion.
New orders received by manufacturers increased at a slower pace. The latest pace of growth was the slowest since mid-2014.
Outstanding business dropped for the third month in October. Backlog clearance was aided by a stronger rise in staffing levels.
Average purchasing costs continued to decrease, with the latest fall the sharpest in eight months. Output prices increased moderately, following a slight drop in the previous month.
Jack Kennedy, a senior economist at Markit, said, “Although output growth accelerated in October, a further slowing of new orders suggests that the Dutch manufacturing sector’s expansion could start to wane by the end of the year unless demand picks up.”
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