Dutch Manufacturing PMI Rises In August

Dutch Manufacturing PMI Rises In August - An indicator for the performance of the Dutch manufacturing sector rose to a six-month high in August, though it signaled slight deterioration in business conditions during the month, a survey by Markit Economics showed Monday.

The headline NEVI Purchasing Managers' Index rose to a six-month high of 49.7 in August from 48.9 in July. However, the reading below 50 suggests contraction of the sector.

Helping to push the headline index higher over the month was a modest improvement in new order volumes, the first growth recorded in half a year, Markit said. New orders recorded the strongest gain in 15 months in August.

Source : InstaForex