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Nordea on today's manufacturing PMI print:...>

SWEDEN
SWEDEN: Nordea on today's manufacturing PMI print: "The PMI report was little
changed from June. Most sub-index remained largely stable. The sub-index for
inventories declined, though, and the order-to-inventories ratio improved,
suggesting that the PMI will stabilize around current levels in the coming
months. This is in line with OECD's leading indicator, metal prices etc. All in
all, the PMI continues to indicate sluggish growth in the manufacturing industry
but is far from free falling. Growth is nevertheless a concern for the Riksbank,
underlining that the bank will stay on hold for long."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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