Financial News: Swedish Factory Growth Strongest Since March 2022

Swedish Factory Growth Strongest Since March 2022

04/01/2026 - 03:57:00 (RTTNews)

(RTTNews) - Sweden's industrial activity expanded at the quickest pace in four years in March, survey data from Swedbank and the logistics association SILF showed on Wednesday.

The purchasing managers' index for the manufacturing sector rose to 56.3 in March from 56.0 in February. A reading above 50 indicates expansion, and the latest PMI reading was the highest since March 2022, when it was 57.0.

Among components, the rise in the PMI was driven by the sub-index for suppliers' delivery times, followed by employment and inventory purchases, while new orders accounted for the largest negative contribution in 20 months.

"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," Swedbank analyst Jorgen Kennemar said.

Price pressures intensified in March as the index for suppliers' raw and input prices increased by 9.6 index points in March to 67.2. Moreover, this was the highest inflation rate since October 2022.

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