Cool mood in the industry
Purchasing managers’ index for industry falls to 45.7 in March compared to 46.9 in February. According to Bloomberg’s compilation, the market forecast was 47.5. It is now the eighth month in a row that the index is below 50, that is, the figure that is traditionally indicated as growth.
“It is a continued weak industrial economy that appears even though there are signs that the decline has slowed down during the first quarter of the year,” says Jörgen Kennemar, responsible for the analysis of the purchasing manager index at Swedbank in a press release.
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