The activity in Dutch industry again shrunk in December. This is according to figures from the Dutch Association of Purchasing Managers (Nevi).
The purchasing managers’ index, which reflects the activity, reached a level of 48.3 against 49.6 in November. Economists generally counted on a score of 49.4. A figure above 50 indicates growth, below which shrinkage. The index thus fell to the lowest level since April 2013. Production fell at the strongest pace since May 2009, while new orders showed the largest decrease in more than seven years.
According to Bart Vos, Professor of Purchasing Management at Tilburg University, there is no reason for doomed thinking for Dutch industry. Dutch producers remain moderately positive about their production volume in the new year, according to the expert.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.