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2016.10.0303:09:00UTC+00Sweden Manufacturing Growth Improves In September

Sweden's manufacturing growth accelerated in September after easing sharply in the previous month, data from the Swedbank and the Swedish National Association of Purchasing & Logistics revealed Monday.

The Purchasing Managers' Index, or PMI, rose to 54.9 in September from 50.7 in August. Any reading above 50 indicates expansion in the sector.

New orders returned to growth territory in September. The corresponding index climbed notably to 58.8 from 49.7 in the previous month.

Similarly, the component index for employment rose to 50.9 in September from 49.7 a month earlier.

The sub-index for production improved to 57.3 in September from 52.2 in the preceding month.

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