Bloomberg News

Dutch Manufacturing Shrinks for Four Months in a Row, NEVI Says

July 01, 2012

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.

To contact the reporter on this story: Fred Pals in Amsterdam at fpals@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net


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