Rising industrial costs could fuel inflation, Swedbank PMI shows

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Rising industrial costs could fuel inflation, Swedbank PMI shows
Photo: Henrik Montgomery/TT

"Rising input prices are widespread. This indicates higher cost pressure in industry and may eventually become an inflation driver," says Jörgen Kennemar, head of index analysis at Swedbank, in a press release.

The purchasing managers' index for the manufacturing industry rose to 58.3 in June, compared with 57.4 in May.

An index above 50 is considered to indicate growth.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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