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Investing.com -- Sweden’s manufacturing sector observed an upswing in April, as indicated by the Purchasing Managers’ Index (PMI).
The PMI rose to 54.2 points, a slight increase from the revised figure of 53.8 points in March, as reported by the compilers, Silf and Swedbank, on Friday.
This increase surpassed the expectations of economists, who had predicted a lower PMI reading of 53.1 points.
The PMI is a key indicator of economic health in the manufacturing sector, with a reading above 50 points indicating expansion.
The rise in Sweden’s PMI suggests a positive trend in the country’s manufacturing activity.
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