Jörgen Kennemar

The Recovery of Swedish Industry Stalls

Swedish industry's recovery is slowing down. The purchasing managers' index for the manufacturing industry fell to 49.2 in July, according to the monthly measurement made by Swedbank and the purchasing managers' organization Silf.

Decreased price pressure in the service sector

Fresh purchasing manager figures show a certain recovery in the service sector. At the same time, the price increase pressure continues to decrease. It is pleasing for the Swedish Central Bank that we see more signs that service inflation is on its way down, says Swedbank economist Jörgen Kennemar to TT.

This is why Swedish industry is doing better

The recovery in Swedish industry is going faster than in euro countries. Something that can be explained by the weakened krona. But there is also a cloud of worry, says Jörgen Kennemar, business economist at Swedbank.

Industry Shifts into Lower Gear

Purchasing Managers' Index for the manufacturing industry fell to 53.6 in June. This can be compared with the revised 54.1 in May.

Dampened price pressure in the service sector

Swedish industry lifts off – purchasing pressure increases

The order book increases in the supplier chain when Swedish industry takes off again, shows a purchasing manager index from Swedbank and Silf. It may become higher consumer prices soon, says Torbjörn Isaksson, chief analyst at Nordea.