Sweden's Swedbank Manufacturing PMI rose to 51.0 in July 2020 from an upwardly revised 47.6 in the previous month, pointing the first expansion in the manufacturing sector since February, as parts of the economy reopened after some containment measures were relaxed. The increases were recorded for the sub-indexes measuring production (55.5 vs 51.0 in June), new orders (51.6 vs 47.6), the rate of job shedding (44.9 vs 41.1), suppliers' delivery times (51.7 vs 50.2). Meanwhile, decreases were seen in the sub-indexes for inventories (50.9 vs 51.5). Looking ahead, the gauge for output expectations was stable in 49.8.
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 August of 2020. source: Swedbank
Manufacturing PMI in Sweden is expected to be 42.00 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 52.00 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.