FOREX TradingCharts.com

Financial News: Sweden Manufacturing Growth Lowest Since August 2020

Sweden Manufacturing Growth Lowest Since August 2020

05/02/2022 - 07:13:00 (RTTNews)

(RTTNews) - Swedish manufacturing growth eased to the lowest since August 2020 as the impact of the war in Ukraine and the Covid-19 pandemic-related lockdown in parts of China began to hurt activity, survey data from Swedbank and the logistics association SILF showed on Monday.

The purchasing managers' index for the manufacturing sector fell to 55.0 in April from a revised 56.8 in March. A PMI reading above 50 suggests growth in the manufacturing sector.

"This is the lowest level since August 2020 and means that growth in Swedish industry has lost further momentum at the same time as the downside risks have increased with the war in Ukraine and the shutdowns of the Chinese economy, which is starting to have a negative impact on companies' order books and production plans," Swedbank analyst Jorgen Kennemar said.

Among the sub-indexes, the largest negative contribution came from production, delivery time and employment, while those for order intake and purchasing inventories increased.

Production plans in the industry has crept up in April.

Suppliers' raw material and intermediate goods prices decreased, though price pressures remained high.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Philly Fed Index Slumps Much More Than Expected In May (10 min(s), 09 sec(s) ago)
(RTTNews) - Growth in Philadelphia-area manufacturing activity showed a significant slowdown in th ...Full Story»

U.S. Weekly Jobless Claims Rise To 218,000 (16 min(s), 09 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week en ...Full Story»

Hong Kong Jobless Rate Rises In April (01 hr(s), 14 min(s), 09 sec(s) ago)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story»

South Africa Wholesale Sales Growth Slows In March (02 hr(s), 29 min(s), 09 sec(s) ago)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story»

Malaysia Trade Surplus Falls In April (04 hr(s), 08 min(s), 09 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story»

Sweden Capacity Utilization Increases In Q1 (05 hr(s), 15 min(s), 09 sec(s) ago)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story»

Australia Jobless Rate Eases To 3.9% In April (44 min(s), 51 sec(s) ago)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story»

Japan Core Machine Orders Jump 7.6% On Year In March (27 min(s), 51 sec(s) ago)
(RTTNews) - The value of core machine orders in Japan was up 7.6 percent on year in March, the Cab ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Philly Fed Index Slumps Much More Than Expected In May

05/19/2022 - 08:42 AM (RTTNews)
(RTTNews) - Growth in Philadelphia-area manufacturing activity showed a significant slowdown in th ...Full Story>>

U.S. Weekly Jobless Claims Rise To 218,000

05/19/2022 - 08:36 AM (RTTNews)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week en ...Full Story>>

Hong Kong Jobless Rate Rises In April

05/19/2022 - 07:38 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story>>

South Africa Wholesale Sales Growth Slows In March

05/19/2022 - 06:23 AM (RTTNews)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story>>

Malaysia Trade Surplus Falls In April

05/19/2022 - 04:44 AM (RTTNews)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.