Sweden's Swedbank Manufacturing PMI increased to 53.1 in May 2019, the highest since November last year, from 50.9 in April and above market expectations of 50.6. The sub-index for new orders was the biggest contributor to the increase (55.0 vs 51.4) followed by purchases of inventories (50.0 vs 55.9) and employment (52.0 vs 49.3). Meanwhile, the production sub-index was unchanged at 54.7. Looking ahead, the gauge measuring output expectations went up to 63.1 in May from 62.1 in the previous month. Manufacturing PMI in Sweden averaged 54.67 from 1994 until 2019, reaching an all time high of 70.40 in November of 1994 and a record low of 34 in December of 2008.

Manufacturing PMI in Sweden is expected to be 53.40 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Sweden to stand at 54.00 in 12 months time. In the long-term, the Sweden Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

Sweden Manufacturing PMI
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Sweden Business Last Previous Highest Lowest Unit
Business Confidence 100.20 101.60 119.30 65.40 Index Points [+]
Manufacturing PMI 53.10 50.90 70.40 34.00 [+]
Services Pmi 53.30 53.90 67.20 34.50 Index Points [+]
Industrial Production 3.40 -0.30 14.10 -23.80 percent [+]
Industrial Production Mom 1.30 -1.90 8.80 -7.90 percent [+]
Manufacturing Production 3.40 -0.30 19.20 -23.70 percent [+]
Capacity Utilization 91.00 90.50 91.20 76.00 percent [+]
New Orders 112.50 110.30 133.80 73.00 Index Points [+]
Changes in Inventories 25380.00 -4348.00 35730.00 -27310.00 SEK Million [+]
Bankruptcies 687.00 634.00 2148.00 276.00 Companies [+]
Car Registrations 33250.00 31451.00 67553.00 7205.00 [+]
Internet Speed 22543.09 22846.85 22846.85 4526.74 KBps [+]
IP Addresses 5500163.00 5448834.00 6962118.00 3403447.00 IP [+]
Mining Production 2.10 0.90 104.90 -49.80 percent [+]
Steel Production 431.97 439.75 564.00 11.00 Thousand Tonnes [+]
Competitiveness Index 81.66 81.58 81.66 5.40 Points [+]
Competitiveness Rank 9.00 9.00 10.00 2.00 [+]
Business Inventories 11368.80 2916.49 18820.86 -15697.46 SEK Million [+]
Ease of Doing Business 12.00 10.00 18.00 9.00 [+]
Electricity Production 14742.00 16379.00 16434.00 8753.00 Gigawatt-hour [+]
Corruption Index 85.00 84.00 95.00 84.00 Points [+]
Corruption Rank 3.00 6.00 6.00 1.00 [+]


Sweden Manufacturing PMI

In Sweden, the Swedbank Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 200 purchasing managers in the manufacturing industry. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Sweden Manufacturing Pmi - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.10 50.90 70.40 34.00 1994 - 2019 Monthly
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Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.80 May/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.50 May/19


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