Manufacturing in the Netherlands in June remained below the 50 mark for a fourth consecutive month, indicating a contraction, according to the Dutch institute for purchasing and supply management, NEVI.
The measure of manufacturing in the fifth-largest economy in the euro region rose to 48.9 from 47.6 in May, Zoetermeer, Netherlands-based NEVI said on its website today. The institute cited a drop in domestic orders, a slight increase in unemployment and a general worsening of the economic situation.
The index is based on a survey of about 350 purchasing managers by Markit Economics.
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