Swedish PMI shot up September indicating a stable industrial climate
Tuesday, 01 October 2013
The Swedish purchasing managers index (PMI) rose by 3.8 index points to
56.0 in September, and all constituent sub-indices contributed to the
rise.
The index, which reflects the feelings in the Swedish industrial
sector, based on a compilation of about 200 purchasing managers’ rose
to 56.0 in September from 52.2 months before. The corresponding month
last year, the index was 44.7, reports Swedbank and Silf, the
organization that represent the purchasing and logistics sector in
Sweden.
This is a huge jump in the Swedish industrial production expectation,
something analysts had not expected. Analysts had forecast had expected
the PMI to rise to 52.5 in September.
The sub-index for new orders and production accounted for the largest
positive contributions of the rise. Orders rose from both the export
and domestic market, with 5.2 and 6.4 index points. The improved order
intake also gave a positive impression in the sub-index for the stock
of orders, which rose by 5.1 index unit to 55.9.
The sub-index for employment rose above 50, while the sub-index for
delivery times increased slightly and was quoted in the growth zone for
the second consecutive month. Index of stocks fell 1 index unit, thus
contributing positively to the overall PMI.
By Scancomark.com Team
