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.

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Sweden Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
36.70 42.60 70.40 34.00 1994 - 2020 points Monthly
SA


News Stream
Swedish Manufacturing Shrinks the Most Since 2009
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.
2020-05-04
Swedish Manufacturing Shrinks the Most Since 2009
Sweden's Swedbank Manufacturing PMI plunged to 43.2 in March 2020 from a downwardly revised 52.7 in the previous month and far below market consensus of 52.4, pointing to the first contraction in the sector since December last year and the steepest since April 2009. There were decreases in the sub-indexes measuring new orders (34.0 vs 54.3 in February), production (37.6 vs 50.3), and employment (46.4 vs 50.2). Meantime, both of suppliers' delivery times (62.4 vs 56.3) and inventories (49.7 vs 46.6) improved. Looking ahead, the gauge for output expectations tumbled to 33.8 in March from 60.1 in the previous month.
2020-04-01
Swedish Manufacturing Growth at 15-Month High
Sweden's Swedbank Manufacturing PMI increased to 53.2 in February 2020 from an upwardly revised 52.0 in the previous month and easily beating market consensus of 51, pointing to the second straight month of expansion in the sector and the strongest since November 2018. There were increases in the sub-indexes measuring new orders (54.3 vs 52.2 in January), employment (51.0 vs 49.8), suppliers' delivery times (55.3 vs 48.9) and inventories (46.3 vs 41.7). Meantime, production declined (52.1 vs 52.7). Looking ahead, the gauge for output expectations increased to 60.2 in February from 56.3 in the previous month.
2020-03-02
Swedish Manufacturing Sector Returns to Growth
Sweden's Swedbank Manufacturing PMI increased to 51.5 in January 2020 from an upwardly revised 47.7 in the previous month and easily beating market consensus of 47.6, pointing to the first month of expansion in the sector since last August. There were increases in the sub-indexes measuring new orders (51.4 vs 46.5 in December), production (52.7 vs 48.5), employment (49.5 vs 48.1) and suppliers' delivery times (47.5 vs 44.9). Meanwhile, inventories declined at a faster rate (41.6 vs 47.0). Looking ahead, the gauge for output expectations increased to 55.2 in January from 55.0 in the previous month.
2020-02-03

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.