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Sweden Factory PMI Growth At 22-Month Low … RTT July 02, 2018 at 10:35AM

Sweden Factory PMI Growth At 22-Month Low … RTT

 

Sweden Factory Growth At 22-Month Low

Sweden’s manufacturing activity expanded at the weakest pace in nearly two years in June, survey results from Swedbank and the logistics association SLIF showed Monday.

The Purchasing Managers’ Index, or PMI, for the manufacturing sector dropped to 54.2 in June from 55.8 in May.

However, any reading above 50 indicates expansion in the sector.

The share index for order intake was the largest negative contribution to PMI total, followed by production and employment. Meanwhile, the component index for suppliers delivery times made a positive contribution.

by RTTNews Staff Writer

 

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