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Swedish PMI rose in April 2011 as Orders support the industrial activity



  

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Monday, 02 May 2011
Swedish purchasers Managers Index or the PMI total rose by 1.2 index points to 59.8 in April from 58.6 in March. This means that the Swedish manufacturing activity accelerated further after having lost some of the momentum in the previous two months.

Mainly orders from both the export market and the domestic market, which accounted for the largest contribution to the rise of PMI in total, although sub-index of production also rose, albeit to a lesser extent.

Other indices fell back. For employment and deliveries continued to slow the pace of expansion, while industrial companies stockpiling gave the largest negative contribution to the purchasing managers' index.

"It was all new orders that accounted for the largest contribution to the upturn," said Swedbank and Silf, which carried out the purchasing managers' index, in a statement.

Purchasing managers' index is based on interviews with approximately 200 purchasing managers in manufacturing. An index figure above 50 is considered indicative of growth in the industry.
Rising global commodity prices contributed to an index of suppliers of raw materials and intermediate goods prices rose in April after having fallen back in March.
By Scancomark.se Team


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