FOREX TradingCharts.com

Financial News: Dutch Manufacturing Sector Contracts At Fastest Pace Since

Dutch Manufacturing Sector Contracts At Fastest Pace Since 2009

05/04/2020 - 08:13:00 (RTTNews)

(RTTNews) - The Dutch manufacturing sector contracted at the fastest pace in nearly eleven years in April, amid the coronavirus, or covid-19, pandemic, survey results from IHS Markit showed on Monday.

The NEVI manufacturing Purchasing Managers' Index, or PMI, fell to 41.3 in April from 50.5 in March. Any reading below 50 indicates contraction in the sector. This was the lowest recorded since May 2009.

Output declined at the quickest rate in more than twenty years of survey and new orders fell further in April.

Incoming new business deteriorated at the quickest rate since the survey began in early-2000. New export orders fell for the second straight month and at the quickest pace on record.

Workforce numbers fell in April with the rate of shedding the sharpest since July 2009. Backlogs of work fell at the quickest pace since April 2012.

Input costs fell for the first time in five months in April, while average selling prices remained broadly stable.

Firms' expectation regards to output for the 12-month collapsed to the lowest on record in April.

"It seems that Dutch manufacturers are bracing for an even bigger hit to industrial output. Unfortunately, the numbers suggest that the worst is yet to come." Albert Jan Swart, sector economist manufacturing at ABN AMRO, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Credit Nosedives $68.7 Billion In April (15 min(s), 27 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve on Friday showed a breathtaking nosedive in U ...Full Story»

Ireland Economic Growth Slows To 1.2% In Q1 (14 min(s), 27 sec(s) ago)
(RTTNews) - Ireland's economic expansion slowed slightly in the first three months of the year ...Full Story»

U.S. Government Data Shows Unbelievable Rebound In Employment In May (32 min(s), 27 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday claimed employment ...Full Story»

UK House Prices Fall For Third Month Amid Covid-19 (44 min(s), 27 sec(s) ago)
(RTTNews) - UK house prices fell for a third successive month in May, though activity started pick ...Full Story»

Labor Department Report Shows Unexpected Rebound In U.S. Employment (25 min(s), 27 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday claimed employment ...Full Story»

Italy Retail Sales Fall In April (27 sec(s) ago)
(RTTNews) - Italy's retail sales declined at a softer pace in April amid the Covid-19 outbreak ...Full Story»

Taiwan Consumer Prices Decline In May (39 min(s), 27 sec(s) ago)
(RTTNews) - Taiwan's consumer prices declined in May, mainly due to the fall in prices of fuel ...Full Story»

Austria Wholesale Prices Fall Most Since August 2009 (27 min(s), 27 sec(s) ago)
(RTTNews) - Austria's wholesale prices fell at the fastest pace in nearly eleven years in May, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Credit Nosedives $68.7 Billion In April

06/05/2020 - 15:33 PM (RTTNews)
(RTTNews) - A report released by the Federal Reserve on Friday showed a breathtaking nosedive in U ...Full Story>>

Ireland Economic Growth Slows To 1.2% In Q1

06/05/2020 - 10:32 AM (RTTNews)
(RTTNews) - Ireland's economic expansion slowed slightly in the first three months of the year ...Full Story>>

U.S. Government Data Shows Unbelievable Rebound In Employment In May

06/05/2020 - 09:50 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday claimed employment ...Full Story>>

UK House Prices Fall For Third Month Amid Covid-19

06/05/2020 - 09:02 AM (RTTNews)
(RTTNews) - UK house prices fell for a third successive month in May, though activity started pick ...Full Story>>

Labor Department Report Shows Unexpected Rebound In U.S. Employment

06/05/2020 - 08:43 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday claimed employment ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.