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The industrial PMI fell from 55.8 in May to 54.2 in June according to the latest measure of Silf / Swedbank. This is the lowest figure since November 2016.
Analysts had instead assumed that the Purchasing Manager's index would remain unchanged from the un-shared number in May.
The decline is mainly due to a drop in entry dropped from 2.5 units to 54.4. The loss occurred in the export and domestic markets. At the same time, the index of orders stocks rose from 56.5 to 57.7
The stock index of production fell from 2.3 units to 52. However, the l & # 39; The planned production share index rose from 62.6 in May to 63.5 in June. Thus, the production plans are always optimistic.
On the employment side, the sub-index fell 2.8 units to 54.5.
"Despite the decline, the result of employment continues to be important in the manufacturing industry," writes Silf / Swedbank. In the spring the economy slowed down on several of Sweden's major commercial markets in Europe. Nordea Chief Analyst Andreas Wallström concludes in a brief comment that the Purchasing Manager's index will continue to fall.
"The recent concern with trade barriers is probably sentiment," he writes.
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