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MNI: SWEDEN DATA: Manufacturing PMI (Jul 2019).......>

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MNI: SWEDEN DATA: Manufacturing PMI (Jul 2019) Preview - 07:30 BST
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- Bbg Consensus: 50.3; Prev (Jun): 52.0
- The Swedish manufacturing PMI registered its second largest decline so far
this year in Jun...
- ... leaving the Q2 average at 52.0, down from 52.3 in Q1
- Data released earlier this week showed that Sweden's economy contracted by
0.1% q/q in Q2...
- ... a 1.1% q/q drop in fixed investment was driven largely by machinery and
fixtures...
- ... reflecting increasing hesitance among manufacturers to invest and expand
activities amid weaker domestic and global demand for industrial products
- Exports also declined in Q2 - and with global growth slowing, the outlook for
external demand does not look any brighter in the second half of the year...
- ... posing a significant downside risk for an open economy like Sweden

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