Manufacturing in the Netherlands remained below the 50 mark for a fifth consecutive month in July, 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 remained stable at 48.9, unchanged from June, Zoetermeer-based NEVI said on its website today.
The institute cited a drop in domestic orders and a slight increase in unemployment while the volume of exports rose for the first time in three months.
The index is based on a survey of about 350 purchasing managers by Markit Economics.
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