• Sweden’s services PMI lowest since 2009

Bloomberg said that Sweden’s krona weakened to a five- month low against the euro on concern exports from the largest Nordic economy will struggle to find demand as the euro region’s debt crisis deepens.

The krona traded below 9 per euro Friday for the first time since Dec. 27.

“Sweden is still a very high beta country, hence our gross domestic product is highly correlated to Europe,” Nordea’s alpha strategy team wrote in a note to clients.

Half the country’s economic output comes from exports, 70 percent of which are sent to Europe.