The Swedbank Manufacturing PMI for Sweden declined to 53.7 in June of 2022 from a downwardly revised of 55.2 in the previous month. The latest figure pointed to the weakest growth in the sector since July 2020, amid lingering supply chain disruptions, due to Ukraine's war. The largest negative contribution came from delivery times (63.9 vs 69.1), followed by employment (53.9 vs 56.7), new orders (52.1 vs 53.4). Meanwhile, both production (54.9 vs 53.7) and purchasing inventories (60.0 vs 62.7) contributed positively to the index. Looking ahead, the gauge for output expectations fell to 62.2 in June from 66.5 in May. source: Swedbank

Manufacturing PMI in Sweden averaged 54.80 points from 1994 until 2022, 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 2022.

Manufacturing PMI in Sweden is expected to be 54.00 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 52.90 points in 2023, according to our econometric models.

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Sweden Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 62.80 67.80 points Jun 2022
Manufacturing PMI 53.70 54.90 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
53.70 54.90 70.40 34.00 1994 - 2022 points Monthly
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News Stream
Swedish Manufacturing PMI Drops to Near 2-Year Low
The Swedbank Manufacturing PMI for Sweden declined to 53.7 in June of 2022 from a downwardly revised of 55.2 in the previous month. The latest figure pointed to the weakest growth in the sector since July 2020, amid lingering supply chain disruptions, due to Ukraine's war. The largest negative contribution came from delivery times (63.9 vs 69.1), followed by employment (53.9 vs 56.7), new orders (52.1 vs 53.4). Meanwhile, both production (54.9 vs 53.7) and purchasing inventories (60.0 vs 62.7) contributed positively to the index. Looking ahead, the gauge for output expectations fell to 62.2 in June from 66.5 in May.
2022-07-01
Swedish Manufacturing Growth Accelerates
The Swedbank Manufacturing PMI for Sweden increased to 55.2 in May of 2022 from a downwardly revised of 54.9 in the previous month, which was the lowest reading in 21 months. The factory activity growth accelerated for the first time in three months, amid further easing Covid-19 restrictions. The largest positive contribution came from production (53.5 vs 51.5), followed by employment (56.9 vs 55.3) and new orders (53.9 vs 53.2), while delivery times fell to the lowest level in 18 months. The index for purchasing inventories rose to a new record level in May and indicates continued widespread inventory build-up. Looking ahead, the gauge for output expectations increased to 65.9 in May from 60.2 in April.
2022-06-01
Swedish Factory Activity Growth Slows to 20-Month Low
The Swedbank Manufacturing PMI for Sweden declined to a 20-month low of 55.0 in April of 2022 from a downwardly revised 56.8 in March. The largest negative contribution came from production followed by delivery times and employment, due to the long-term impact of extended Covid-19 restrictions in China and the impact of the Ukraine war. Meanwhile, rising order intake contributed positively to the PMI. The index for purchasing inventories was higher than normal and indicates continued inventory build-up. Looking ahead, the gauge for output expectations increased slightly to 60.8 in April from 60.6 in March.
2022-05-02