The Swedbank Manufacturing PMI for Sweden declined slightly to 65.8 in June 2021 from a downwardly revised 66.0 in the previous month. This was the twelfth straight month of expansion in factory activity. "Although the industry continues to show a high activity, the decline in PMI may be a sign that the growth rate in the industry is slowing into a calmer phase in the future when last year's production loss is recovered at the same time as supply shortages have become a growing challenge for the industry," said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. There were decreases in the indexes measuring new orders (down 0.7 points to 65.5), production (down 3.0 points to 63.6), delivery times (down 0.1 points to 83.9), while employment improved (up 1.1 points to 60.3).Looking ahead, the gauge for output expectations declined to 72.2 in June from 74.4 in May. source: Swedbank
Manufacturing PMI in Sweden averaged 54.62 points from 1994 until 2021, 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 July of 2021.
Manufacturing PMI in Sweden is expected to be 57.60 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 53.40 in 12 months time. In the long-term, the Sweden Manufacturing PMI is projected to trend around 54.10 points in 2022 and 52.90 points in 2023, according to our econometric models.