Sweden Manufacturing Confidence

Country:
Sweden
SEK, Swedish krona
Sector:
Business
Low 126.0 119.6
120.7
Last release Importance Actual Forecast
Previous
123.9
126.0
Next release Actual Forecast
Previous
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Sweden's Manufacturing Confidence Index reflects the optimism of the country's manufacturing companies regarding the current economic state. The index is calculated monthly as part of a common business trends survey, through an online survey conducted by the National Institute for Economic Research (NIER). Initially, this survey included only the manufacturing sector. Now it includes almost all sectors of the Swedish economy.

The National Institute interviews the managers of Swedish manufacturing companies on a monthly basis. The sample includes companies with at least 100 employees. Collecting all data from respondents takes approximately three weeks.

The weight of responses from a particular company depends on the volume of production, which is determined by the amount of value added. In other industries, companies are assigned weights based on the number of employees. These weights are updated every year according to the updated sample. The weighted responses are summarized and extrapolated as if all manufacturing sector companies participated in the survey.

Companies evaluate the current situation in terms of orders, finished product inventories, expected production volumes and employment. The survey is qualitative in nature. It means that the respondents do not provide absolute figures, but assess the situation as better, worse, or no change.

The Manufacturing Confidence Index is one of the key indicators characterizing the business environment and the general state of the country's economy. A reading above 100 indicates improving business conditions and positive sentiment in the Swedish business environment. This can be seen as positive for the Swedish krona. Readings below 100 indicate a worsening situation.

Last values:

actual data

forecast

The chart of the entire available history of the "Sweden Manufacturing Confidence" 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.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2021
126.0
119.6
120.7
Apr 2021
121.0
116.4
117.7
Mar 2021
117.7
114.1
114.9
Feb 2021
114.6
110.2
113.7
Jan 2021
113.3
108.8
107.6
Dec 2020
106.9
108.8
109.9
Nov 2020
110.6
106.3
106.4
Oct 2020
106.8
101.8
105.5
Sep 2020
105.8
96.6
98.9
Aug 2020
97.7
92.2
96.5
Jul 2020
95.7
74.2
89.3
Jun 2020
89.1
66.6
76.4
May 2020
76.8
71.3
71.4
Apr 2020
70.5
105.6
100.8
Mar 2020
100.7
105.0
104.4
Feb 2020
104.7
98.1
102.3
Jan 2020
101.8
94.8
Dec 2019
94.5
95.7
Nov 2019
96.1
96.3
Oct 2019
96.0
97.2
Sep 2019
96.7
95.6
Aug 2019
94.8
96.9
Jul 2019
96.9
100.2
Jun 2019
100.2
103.7
May 2019
103.7
107.7
Apr 2019
108.4
107.5
Mar 2019
107.5
113.0
Feb 2019
114.3
111.7
Jan 2019
111.3
115.3
Dec 2018
116.2
115.8
Nov 2018
116.2
115.3
Oct 2018
115.4
117.3
Sep 2018
117.5
122.0
Aug 2018
121.8
118.5
Jul 2018
118.1
116.1
Jun 2018
116.1
118.6
May 2018
118.6
120.2
Apr 2018
120.3
115.2
Mar 2018
114.5
114.0
Feb 2018
114.0
113.9
Jan 2018
113.8
116.1
Dec 2017
116.8
121.0
Nov 2017
121.9
121.2
Oct 2017
121.1
124.8
Sep 2017
124.6
116.4
Aug 2017
117.1
120.1
Jul 2017
120.3
119.9
Jun 2017
119.9
118.2
May 2017
117.0
122.9
Apr 2017
123.2
111.9

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