The Swedbank Manufacturing PMI increased to 64.9 in December of 2020 from an upwardly revised 59.8 in November, pointing to the strongest growth since May of 2010, probably driven by growing world trade and increased optimism due to the beginning of coronavirus vaccination. All sub-indices contributed to the rise: suppliers' delivery times and employment contributed a total of 2.7 index units, followed by production (1.0 index units) and order intake (0.9 index units). source: Swedbank

Manufacturing PMI in Sweden averaged 54.42 points from 1994 until 2020, 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 January of 2021.

Manufacturing PMI in Sweden is expected to be 50.00 points 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 52.00 points in 2022, according to our econometric models.

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Sweden Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
64.90 59.80 70.40 34.00 1994 - 2020 points Monthly
SA


News Stream
Sweden Factory Growth Strongest in 10 Years
The Swedbank Manufacturing PMI increased to 64.9 in December of 2020 from an upwardly revised 59.8 in November, pointing to the strongest growth since May of 2010, probably driven by growing world trade and increased optimism due to the beginning of coronavirus vaccination. All sub-indices contributed to the rise: suppliers' delivery times and employment contributed a total of 2.7 index units, followed by production (1.0 index units) and order intake (0.9 index units).
2021-01-04
Sweden Factory Growth Strongest since 2017
The Swedbank Manufacturing PMI for Sweden rose to 59.1 in November of 2020 from an upwardly revised 58.3 in the previous month. The reading pointed to the strongest expansion in factory activity since December of 2017 and the growth stays above the average of 54.3 for the second month, suggesting a robust recovery from the pandemic shock. New orders (64.7 vs 63.2 in October), export orders (61.5 vs 58.6) and stocks (52.4 vs 50.3) rose faster while output growth moderated (61 vs 62.8). Also, employment fell less (49.5 vs 47.2).
2020-12-01
Sweden Factory Growth Strongest since 2018
The Swedbank Manufacturing PMI for Sweden rose to 58.2 in October of 2020 from an upwardly revised 55.9 in September, beating market forecasts of 54.4. The reading pointed to the strongest expansion in factory activity since February of 2018, and the second month growth stays above the average of 54.3, suggesting a robust recovery from the coronavirus-hit. New orders (62.9 vs 59.8) and production (63.1 vs 60.8) rose faster while export orders (56.2 vs 59.5) and stocks (55.6 vs 59.5) slowed.
2020-11-02
Swedish Manufacturing PMI Highest in Nearly 2 Years
Sweden's Swedbank Manufacturing PMI increased to 55.3 in September 2020 from an upwardly revised 53.8 in the previous month. The latest reading pointed to the third straight month of expansion in the manufacturing sector and the strongest since November 2018, as the economy continues to recover from the coronavirus shock. There were increases in the sub-indexes measuring production (60.1 vs 56.3 in August), new orders (59.2 vs 56.6) and suppliers' delivery times (55.4 vs 54.7). Meanwhile, employment continued to contract (45.4 vs 47.8) and inventories fell for the second straight month (48.5 vs 49.8). Looking ahead, the gauge for output expectations declined to 59.1 in September from 60.4 in August.
2020-10-01

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.