Swedish Manufacturing PMI edged down to 55 in October of 2018 from 55.2 in September. A slowdown was seen in orders (54.4 from 56.6), export orders (54.9 from 55.9) and stocks (55.6 from 57.8) while production (55.2 from 53.7) and employment (58.4 from 56) rose faster. Also, input price inflation eased (64.6 from 67.5). Finally, production expectations for the next six months fell (63.5 from 65.3). Manufacturing PMI in Sweden averaged 54.72 from 1994 until 2018, reaching an all time high of 71.40 in November of 1994 and a record low of 32.70 in December of 2008.
Manufacturing PMI in Sweden is expected to be 54.80 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 54.89 in 12 months time. In the long-term, the Sweden Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.