Swedish industry is increasing the pace

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Swedish industry is increasing the pace
Photo: Björn Larsson Rosvall/TT

Activity in Swedish industry increased in January, according to the Purchasing Managers' Index from Swedbank and Silf.

The index for the sector rose to 56.0, from 55.4 in December.

An index number above 50 indicates increased activity in the sector.

"Swedish industry continues to be in an expansionary phase with index levels that are a good bit higher than in the US and the eurozone," says Jörgen Kennemar, responsible for the analysis of the purchasing managers' index at Swedbank, in a press release.

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

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