Sweden's Swedbank Manufacturing PMI increased to 47.1 in December 2019 from an upwardly revised 45.7 in the previous month. The latest reading pointed to the fourth straight month of contraction in the sector but the smallest in the current sequence of decline, due to softer declines in new orders (45.9 vs 44.1 in November), employment (47.8 vs 46.6), production (47.8 vs 46.4), and suppliers' delivery times (44.1 vs 42.6). Meanwhile, inventories fell further (47.4 vs 48.6). Looking ahead, the gauge measuring output expectations increased to 55.0 in December from 53.2 in the previous month. Manufacturing PMI in Sweden averaged 54.53 points from 1994 until 2019, reaching an all time high of 70.40 points in November of 1994 and a record low of 34 points in December of 2008. source: Swedbank

Manufacturing PMI in Sweden is expected to be 52.50 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 54.50 in 12 months time. In the long-term, the Sweden Manufacturing PMI is projected to trend around 54.00 points in 2020, according to our econometric models.

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Sweden Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.10 45.70 70.40 34.00 1994 - 2019 points Monthly
SA


News Stream
2019-12-02
Swedish Manufacturing Shrinks the Most in 7 Years
Sweden's Swedbank Manufacturing PMI declined to 45.4 in November 2019 from 46.0 in the previous month and below market expectations of 47.1. The latest reading pointed to the steepest month of contraction in the sector since November 2012, driven by declines in new orders (44.0 vs 46.6), employment (46.5 vs 48.2) and inventories (48.7 vs 50.4). Meanwhile, production continued to contract (45.6 vs 44.8) and suppliers' delivery times fell further (42.4 vs 41.3) Looking ahead, the gauge measuring output expectations increased to 52.7 in November from 49.7 in the previous month.

2019-11-01
Swedish Manufacturing Shrinks for 2nd Month
Sweden's Swedbank Manufacturing PMI inched lower to 46.0 in October 2019 from a downwardly revised 46.1 in the previous month and below market expectations of 47.1. The latest reading pointed to the second straight monthly contraction in the manufacturing sector, driven by declines in both suppliers' delivery times (40.9 vs 44.1) and employment (49.0 vs 49.8). Meanwhile, increases were reported in production (44.4 vs 43.5); new orders (46.8 vs 45.6), and inventories (50.5 vs 50.1). Looking ahead, the gauge measuring output expectations slumped to a record low of 50.0 in October from 53.2 in the previous month.

2019-10-01
Swedish Manufacturing Shrinks for 1st Time in Over 6 Years
Sweden's Swedbank Manufacturing PMI dropped to 46.3 in September 2019 from a downwardly revised 51.8 in the previous month and below market expectations of 52.0. The latest reading pointed to the first contraction in the manufacturing sector since July 2013, driven by declines in production (43.4 vs 53.0), new orders (45.7 vs 51.7) and suppliers' delivery times (44.7 vs 49.2). Meanwhile, employment growth eased sharply (50.1 vs 53.4) and inventories were flat (50.0 vs 49.9). Looking ahead, the gauge measuring output expectations slumped to a seven-month low of 54.2 in September from 61.0 in the previous month.

2019-09-02
Sweden Manufacturing PMI Rises to 3-Month High
Sweden's Swedbank Manufacturing PMI increased to 52.4 in July 2019 from a downwardly revised 51.9 in the previous month, beating market expectations of 50.5. The latest reading pointed to the sharpest expansion in the manufacturing sector since May. The sub-index increased for employment (53.5 vs 51.4 in June), followed by inventories (50.0 vs 49.5), and suppliers' delivery times (49.0 vs 48.4). Meanwhile, the sub-index was unchanged for both production (at 54.2) and new orders (at 52.6). Looking ahead, the gauge measuring output expectations edged up to 61.1 in June from 61.0 in the previous month.

2019-08-01
Swedish Manufacturing PMI Above Forecast in July
Sweden's Swedbank Manufacturing PMI stood at 52.0 in July 2019, unchanged from the previous month, still beating market expectations of 50.5. The sub-index declined for inventories (49.6 vs 52.9 in June); production (54.3 from 56.8). Meanwhile, the sub-index rose for employment (51.2 vs 50.8), followed by new orders (52.7 vs 52.5), and suppliers' delivery times (48.5 vs 47.9). Looking ahead, the gauge measuring output expectations went up to 61.1 in June from 60.3 in the previous month.

2019-07-01
Swedish Manufacturing Growth Eases in June
Sweden's Swedbank Manufacturing PMI decreased to 52.0 in June 2019 from 53.1 in May, still beating market expectations of 50.6. The sub-index for new orders was the biggest contributor to the decline (52.5 vs 54.6), followed by suppliers' delivery times (47.6 vs 50.0), inventories (53.2 vs 49.2) and employment (50.7 vs 51.9). Meanwhile, the production sub-index rose for the second month in a row to 57.1 from 55.0 in May. Looking ahead, the gauge measuring output expectations went down to 60.2 in June from 62.6 in the previous month.


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.

Sweden Business Last Previous Highest Lowest Unit
Business Confidence 94.00 96.70 119.60 65.30 points [+]
Manufacturing PMI 47.10 45.70 70.40 34.00 points [+]
Services Pmi 48.70 47.90 67.20 34.50 points [+]
Industrial Production 0.80 -3.00 12.60 -26.40 percent [+]
Industrial Production Mom 2.10 -1.70 8.90 -16.70 percent [+]
Manufacturing Production 0.60 -3.00 19.20 -23.70 percent [+]
Capacity Utilization 91.40 90.90 91.40 76.00 percent [+]
New Orders 109.80 110.60 133.80 73.00 points [+]
Changes in Inventories 1179.00 11825.00 38594.00 -28657.00 SEK Million [+]
Bankruptcies 551.00 680.00 2148.00 276.00 Companies [+]
Car Registrations 48365.00 31126.00 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 3.50 2.70 104.90 -49.80 percent [+]
Steel Production 308.85 330.02 564.00 11.00 Thousand Tonnes [+]
Competitiveness Index 81.25 81.66 81.66 5.40 Points [+]
Competitiveness Rank 8.00 9.00 10.00 2.00 [+]
Business Inventories -6136.89 1475.29 18820.86 -15697.46 SEK Million [+]
Ease of Doing Business 10.00 12.00 18.00 9.00 [+]
Electricity Production 13924.00 11356.00 16434.00 8753.00 Gigawatt-hour [+]
Corruption Index 85.00 85.00 95.00 84.00 Points [+]
Corruption Rank 4.00 3.00 6.00 1.00 [+]