The purchasing managers' index (PMI) for the manufacturing sector rose to 49 in January from 46.2 in December. A PMI reading below 50 indicates contraction in the sector, while one above suggests growth. The latest reading was the highest in five months.
Production in Dutch factories increased in January, though at a marginal rate, after falling for three consecutive months. New orders received by manufactures decreased for the sixth successive month during the month. Employment in the sector decreased for the fourth consecutive month, though marginally.
Input prices increased for the first time in four months in January, mainly due to higher steel prices and a weaker exchange rate. In their attempts to protect margins, Dutch manufacturers raised their output charges to the highest level since July.
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