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Swedish Manufacturing Shrinks Further

Por: RTTNews Business January 02, 2024

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Sweden's factory activity contracted again in December, while companies' production outlook improved, survey data from Swedbank and the logistics association SILF showed Tuesday. The purchasing managers' index, or PMI, fell to 48.8 from 49.0 in November. A reading below 50 suggest decline in activity. The average PMI reading rose for the fourth quarter to the highest level since the third quarter of 2022, Swedbank said.It appears... + full article



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