Swedish industry continues to slow down

Swedish industry continued to slow down in March, according to a purchasing managers’ index from Swedbank and Silf.

The index fell to 57.3, down from a revised 58.0 in February. It thus remains at higher levels than its historical average and above the index level 50, which is the breaking point for when activity increases and decreases in the sector.

The uncertainty is increasing

“Although the index is at higher levels than its historical average, it is clear that the industrial economy is in a slower growth phase. At the same time, uncertainty about the global economy and the risk of renewed supply disruptions has increased in the wake of the war in Ukraine and Western sanctions against Russia. probably contributed to the lower production plans in March “, writes Jörgen Kennemar, responsible for the analysis of the purchasing manager index at Swedbank.

Source: Nyteknik – Senaste nytt by www.nyteknik.se.

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