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The Swedish purchasing managers’ index fell in MarchMonday, 02 April 2012
The Swedish purchasing managers’ index, PMI, fell in March to 50.2, which was marginally down from 50.3 in February. This is the second consecutive month that the index balances around the 50 mark, which is split between an up-and downturn in the economy.
"This is the second consecutive month that the index balances around the 50 mark, which is split between an up-and downturn in the economy," writes Swedbank and Silf, which produces the purchasing managers' index.
Purchasing Managers' Index is based on interviews with about 200 purchasing managers in manufacturing. An index figure above 50 is considered to indicate growth in the industrial sector.
The decline is marginal, according Swedbank and Silf.
"While the recovery in the purchasing managers' index has lost momentum, it is still a cyclical upswing in the industry that emerges during the first quarter compared with last year's final three months, an increase of 1.9 index points," they wrote on.
By Scancomark.se Team
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