Analysts at TD Securities suggest that after being stuck in a downward trend since hitting a high of 63.2 in November of last year, they think that the Sweden’s manufacturing PMI should be due for some stabilization in July.
Key Quotes
“Following the better prints for the German manufacturing PMI and the Swedish confidence index. We look for the mfg PMI to edge back up to April’s level at 54.5 (mkt 54.5).”
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