"Cost pressure in industry is increasing in the wake of the war in the Middle East and is reminiscent of developments in 2022. This could eventually become inflationary, and we have already seen how producer prices have begun to rise," says Jörgen Kennemar in a press release.
The purchasing managers' index for the manufacturing industry rose to 57.3 in May, up from 57.2 in April, according to Swedbank and the purchasing managers' organization Silf.
An index above 50 is considered to indicate growth.
