Swedish Industrial New Orders Indicator y/y reflects a change in new orders received by private companies in Sweden during the reported month compared to the same month a year ago. The indicator reflects orders in all sectors of Swedish production, including manufacturing, mining, refining, energy production and others.
Statistics Sweden collects data for index calculation via monthly online surveys of industrial companies with at least 20 employees or a net turnover more than SEK 50 million. New order data is collected as part of a general industry survey.
Industrial orders reflect future production volumes, due to which the index is considered a leading production indicator. Previous-period data can be revised as new data is received.
An increase in new industrial orders is a favorable factor, which indicates the expansion of the national economy. That is why higher than expected indicator readings can be seen as positive for Swedish krona quotes.
The chart of the entire available history of the "Sweden Industrial New Orders y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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