The Swedbank Manufacturing PMI for Sweden increased to 63.7 in March 2021 from an upwardly revised 61.8 in the previous month. This was the ninth straight month of expansion in factory activity and the most expansion since last December. " The Swedish manufacturing industry continues to show a high level of activity despite major disruptions in global trade flows and shortcomings on several inputs but which can get sour afterwards", said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. There were increases in the indexes measuring new orders (4.8 points to 62.9), employment (1.4 points to 58.9) and the index for delivery times jumped to a new record high (1.8 points to 83.2). Meanwhile, the index of production edged down (-0.1 points to 62.1). Looking ahead, the gauge for output expectations declined to 70.1 in March, from 71.5 in February. source: Swedbank

Manufacturing PMI in Sweden averaged 54.50 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 April of 2021.

Manufacturing PMI in Sweden is expected to be 52.00 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 54.00 in 12 months time. In the long-term, the Sweden Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.

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Sweden Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
63.70 61.80 70.40 34.00 1994 - 2021 points Monthly
SA


News Stream
Sweden Manufacturing PMI Rises to 3-Month High
The Swedbank Manufacturing PMI for Sweden increased to 63.7 in March 2021 from an upwardly revised 61.8 in the previous month. This was the ninth straight month of expansion in factory activity and the most expansion since last December. " The Swedish manufacturing industry continues to show a high level of activity despite major disruptions in global trade flows and shortcomings on several inputs but which can get sour afterwards", said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. There were increases in the indexes measuring new orders (4.8 points to 62.9), employment (1.4 points to 58.9) and the index for delivery times jumped to a new record high (1.8 points to 83.2). Meanwhile, the index of production edged down (-0.1 points to 62.1). Looking ahead, the gauge for output expectations declined to 70.1 in March, from 71.5 in February.
2021-04-01
Sweden Manufacturing Expansion Remains Solid in February
The Swedbank Manufacturing PMI for Sweden dropped to 61.6 in February 2021, down from a revised 62.5 in the previous month and moving further away from December's decade high. "The Swedish manufacturing industry continues to show a high level of activity, although longer delivery times may be a sign of supply constraints or disruptions in foreign trade, which in the long run may limit growth in industry", said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. There were declines in the indexes measuring new orders (-8.4 points to 57.6), production (-1.4 points to 62.1), while the gauge for employment increased (+4.8 points to 57.3) and the index for delivery times jumped to a record high (+6.7 points to 81.2). Looking ahead, the gauge for output expectations edged down to 72.5 in February, from 72.6 in January.
2021-03-01
Sweden Factory Growth Below Estimates
The Swedbank Manufacturing PMI decreased to 62.4 in January of 2021 from a downwardly revised 64.7 in the previous month and missing market expectations of 65. The reading pointed to the seventh straight month of expansion in the manufacturing sector although at a softer pace, amid renewed global restrictions to combat a second wave of COVID-19 pandemic.
2021-02-01
Sweden Factory Growth Strongest in 10 Years
The Swedbank Manufacturing PMI increased to 64.9 in December of 2020 from an upwardly revised 59.8 in November, pointing to the strongest growth since May of 2010, probably driven by growing world trade and increased optimism due to the beginning of coronavirus vaccination. All sub-indices contributed to the rise: suppliers' delivery times and employment contributed a total of 2.7 index units, followed by production (1.0 index units) and order intake (0.9 index units).
2021-01-04

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.