The Swedbank Manufacturing PMI for Sweden decreased to 50.6 in August of 2022 from a downwardly revised of 52.5 in the previous month, pointing to the 26th straight month of expansion in the sector, but the weakest growth since April 2019. The figures also marked the fifth month in a row below its historical average (54.8), amid lingering supply chain disruptions. The largest negative contribution to the decline came from new orders (47.4 vs 52.3), followed by delivery times (55.8 vs 60.5), and production (51.9 vs 52.5). Meantime, positive contribution came from employment (54.8 vs 49.9). On the other hand, the raw material and input price index, which was unchanged in August at 61.6, has fallen by nearly 20 index points over the past three months and is now at levels not seen since 2020. Looking ahead, the gauge for output expectations declined marginally to 61.0 in August from 61.4 in July. source: Swedbank
Manufacturing PMI in Sweden averaged 54.79 points from 1994 until 2022, reaching an all time high of 70.40 points in November of 1994 and a record low of 34 points in December of 2008. This page provides - Sweden Manufacturing Pmi - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Manufacturing PMI in Sweden is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Manufacturing PMI is projected to trend around 52.90 points in 2023, according to our econometric models.