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Industry picks up pace

» Published: Today, 08:31

Industry picks up pace
Photo: Björn Larsson Rosvall/TT

Purchasing managers' index rose to 53.8 in November, from 53.1 in October, according to Swedbank and Silf.

The index is a measure of the business cycle in the Swedish manufacturing industry.

An index value above 50 indicates increased activity in the sector, while a value below 50 indicates decreased activity.

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By TTThis article has been altered and translated by Sweden Herald

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