The Purchasing Managers’ Index, which reflects economic conditions in the industry, fell to 55.5 in January. By December it at 56.0.
The decline was unexpected, according to a Reuters poll.
Nordea’s chief analyst Torbjorn Isaksson emphasizes, however, commented that the purchasing managers index, despite the lower level is within the range of 51.0 to 56.5 where it has been the past three years.
“recovery”
“The main scenario is that the recovery continues this year, while the market turmoil poses a risk to the downside, “he writes in a commentary.
The corresponding PMI for manufacturing sector in Germany fell to 52.3 in January, its lowest level in three months. That compares with 53.2 in December.
The purchasing managers index for the euro zone’s industries fell to 52.3, from 53.2 in December. The decline was in line with a preliminary estimate.
The case of the Swedish purchasing managers index was driven by lower index for new orders and production, according to Swedbank and Silf, who takes up the index. But the figures lies in the growth zone margin, they add.
An index figure above 50 is considered to indicate growth in the industry.
Brett commodity cases
“The industrial economy has started the year positively with a steady growth rate, rising demand and optimistic production plans. This contrasts, however, falling commodity and intermediate goods prices,” writes Swedbank and Silf.
The sub-index for commodities and intermediate goods fell from 42.7 to 40.6.
“Again, the decline was broad and a three-month moving average gives as yet no signs of rising cost pressures,” writes Swedbank and Silf.
adding that the recruitment needs continuing to stiga. · In January, the subindex for employment 54.7, an increase of 1.5 index points from December.
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