The Swedbank Manufacturing PMI for Sweden fell to 60.1 in August of 2021 from a downwardly revised 64.5 in the previous month. The reading pointed to the slowest growth in factory activity since November 2020 but still well above the historical average of 55.7. "The decline in PMI may be a sign that the growth rate in the industry has entered a calmer stage now that last year's production loss has recovered while supply shortages and supply disruptions have become a growing challenge for the industry," said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. The largest negative contributions came from order intake, followed by production and employment. Suppliers' raw material and input commodity prices slowed somewhat in August and the index fell to 85.5 in August from a record high of 90.9 in July. Meanwhile, the index for planned production remained at high levels (74.5). source: Swedbank

Manufacturing PMI in Sweden averaged 54.67 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 September of 2021.

Manufacturing PMI in Sweden is expected to be 59.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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Sweden Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
60.10 64.50 70.40 34.00 1994 - 2021 points Monthly
SA


News Stream
Swedish Manufacturing PMI Dips to 9-Month Low
The Swedbank Manufacturing PMI for Sweden fell to 60.1 in August of 2021 from a downwardly revised 64.5 in the previous month. The reading pointed to the slowest growth in factory activity since November 2020 but still well above the historical average of 55.7. "The decline in PMI may be a sign that the growth rate in the industry has entered a calmer stage now that last year's production loss has recovered while supply shortages and supply disruptions have become a growing challenge for the industry," said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. The largest negative contributions came from order intake, followed by production and employment. Suppliers' raw material and input commodity prices slowed somewhat in August and the index fell to 85.5 in August from a record high of 90.9 in July. Meanwhile, the index for planned production remained at high levels (74.5).
2021-09-01
Swedish Manufacturing PMI Drops to 4-Month Low
The Swedbank Manufacturing PMI for Sweden inched down to 65.3 in July 2021 from a downwardly revised 65.4 in the previous month. The reading pointed to the slowest growth in factory activity in 4 months. " Although the industry continues to show a high activity, the decline in PMI may be a sign that the growth rate in the industry will enter a calmer phase in the future when last year's production loss is recovered while supply shortages and rising delivery times have become a growing challenge for industry," said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. There were decreases in the indexes measuring new export orders (down 1.5 points to 61.2). By contrast, the indexes rose for measuring new orders (up 0.1 points to 65.7), production (up 1.4 points to 63.1), delivery times (up 0.6 points to 84.6), and employment (up 1.3 points to 61.7). Looking ahead, the gauge for output expectations increased to 74.9 in July from 72.8 in June.
2021-08-02
Swedish Manufacturing Sector Growth Eases in June
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.
2021-07-01
Swedish Manufacturing PMI Fourth-Highest on Record
The Swedbank Manufacturing PMI for Sweden dropped to 66.4 in May 2021 from a downwardly revised 69.0 in the previous month. This was the eleventh straight month of expansion in factory activity and the fourth-highest level in PMI seen in 26 years of data collection. "Despite the decline, it is the fourth highest level in the index's 26-year history and shows that the strong industrial economy persists even though increased supply shortages may become a greater challenge in the future," said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. There were decreases in the indexes measuring new orders (down 5.8 points to 66.7), the index of production (down 0.6 points to 67.8), the index for delivery times (down 1.7 points to 84.0), and employment (down 1.5 points to 59.2).Looking ahead, the gauge for output expectations declined to 75.0 in May from 75.4 in April.
2021-06-01

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.