Sweden's Swedbank Manufacturing PMI dropped to 36.7 in April 2020 from a downwardly revised 42.6 in the previous month, signalling the steepest contraction in the sector since February 2009 due to the coronavirus pandemic. There were decreases in the sub-indexes measuring new orders (25.2 vs 33.8 in March), production (26.6 vs 35.9) and employment (40.4 vs 45.3). Meantime, increases were seen in suppliers' delivery times (67.0 vs 62.7) and inventories (56.7 vs 49.9). Looking ahead, the gauge for output expectations plunged to 25.0 in April from 32.7 in the previous month.
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 May of 2020. source: Swedbank
Manufacturing PMI in Sweden is expected to be 40.00 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 50.00 in 12 months time. In the long-term, the Sweden Manufacturing PMI is projected to trend around 54.00 points in 2021 and 52.00 points in 2022, according to our econometric models.