The rise was driven by production and new orders. Sub-index for new orders rose to 55.8 in July from 52.5 in June. The component index for production rose to 60.8, from 54.6.
The index for companies’ production plans is 60.5, which indicates continued optimism, according to Swedbank / Silf.
“The summer months can be more volatile partly because of the holidays and the like, but the image of a stable development within the industry continues,” they write.
The Swedish purchasing managers index based on interviews with about 200 purchasing managers in the manufacturing industry. An index figure above 50 is considered to indicate growth in the industry.
Eurozone Purchasing Managers Index for industry, which is produced by the company Markit, fell marginally from 52.5 in June to 52.4 in July, but is with a good margin remains in the growth zone, writes Reuters.
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