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.
Manufacturing PMI in Sweden averaged 54.35 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 October of 2020. source: Swedbank
Manufacturing PMI in Sweden is expected to be 47.00 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 53.70 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.