Sweden's manufacturing shrinks in December

Note: This section contains information in English only.
Source: RTT News
© Scanpix/AFP
Sweden's manufacturing sector contracted in December at a slower pace than expected, according to data published by the Swedbank on Monday. The seasonally adjusted PMI increased to 44.6 in December from 43.2 in November, with a reading below 50 indicating a contraction. The reading stayed below the 50 mark for the fifth straight month. 
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