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Financial News: Dutch Manufacturing Growth Accelerates In September

Dutch Manufacturing Growth Accelerates In September

10/01/2018 - 04:15:00 (RTTNews)

(RTTNews) - Dutch manufacturing growth accelerated further at the end of the third quarter, reflecting faster growth of output, new orders and employment, survey data from IHS Markit showed Monday.

The NEVI factory Purchasing Managers' Index rose to 59.8 in September from 59.1 in August. Any reading above 50 indicates expansion in the sector.

Among components, both output and new orders increased at the strongest rate in three months. Growth in export orders quickened to a seven-month high.

Manufacturing employment also continued to grow in September. Moreover, the rate of job creation quickened for the first time in eight months.

On the price front, input price inflation accelerated to an eight-month high in September and output price inflation hit a seven-month high as firms passed on higher costs.

Finally, output expectations among Dutch manufacturers were the strongest in five months in September.

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