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Dutch manufacturing PMI nears record high in September

International Business
Mon, 02 Oct 2017
Reuters


Amsterdam: Dutch manufacturing output grew at the fastest pace in 17 years in September and at a near-record high, a survey showed on Monday, as the economic recovery in the Netherlands gained momentum.

The seasonally adjusted headline NEVI Purchasing Managers' Index (PMI) stood at 60 in September, up from 59.7 in August.

"The PMI was driven higher by near-record increases in both output and employment," said IHS Markit. "Production increased at the fastest rate since April 2000, and the second-strongest on record."

The strong data for September, which saw the fastest pace of hiring since 2011, marked the 51st consecutive month of improvement in business conditions, it said.






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