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.