The Purchasing Managers' Index for Swedish industry rose to 56.3 in March from 56.0 in February. This places the index above its historical average for the ninth month in a row.
"Swedish industry continues to show robust development, but the fall in order intake and signs of supply disruptions could be challenging for Swedish industry if the war in the Middle East becomes prolonged," says Jörgen Kennemar, responsible for the analysis of the Purchasing Managers' Index at Swedbank, in a press release.
An index above 50 is considered to indicate growth.
