Swedish PMI rose to 52.2 in August improving economic scene in the industrial sector
Monday, 02 September 2013
Swedish Purchaser Manager Index – the PMI rose by 0.9 index points to 52.2 in August, latest data show.
According to Swedbank which presents the data, the development of the
constituent sub-indices were mixed, with three of the five indices rose
during the month while the sub-index for warehouses and production
contributed
negatively to PMI.
This is the fourth consecutive month that the Swedish PMI remained in
the growth zone, which indicates that the Swedish industrial sector is
gradually stabilizing especially during the summer. An index of 50
means growth and an index below 50 mean recession.
The sub-index for new orders and employment accounted for the largest
positive contribution, 0.7 index points each, to the rise of the PMI.
Orders from the export market rose while it slowed in the domestic
market. The improved order intake also gave a positive impression in
the corporate order books.
by Scancomark.com Team
