Dutch manufacturing activity expanded at a slower pace in November, as output and new orders grew at weaker rates, survey data from Markit Economics showed Tuesday.
The seasonally adjusted headline NEVI Purcgasing Managers’ Index, or PMI, dropped to 53.5 in November from 53.7 in October. However, any reading above 50 indicates expansion in the sector.
In November, new order growth was marginal and the slowest in the current 29-month period of expansion. Output climbed at the weakest pace in eight months.
Manufacturers raised their staffing levels further in November and the rate of job creation accelerated to the fastest since April 2011.
On the price front, input prices continued to decrease markedly in November, dragged down by lower purchasing costs. In contrast, firms increased their selling prices for the second straight month.
The material has been provided by InstaForex Company – www.instaforex.com