Silf/Swedbank Sweden Composite Purchasing Managers Index (PMI)

Country:
Sweden
SEK, Swedish krona
Source:
Sector:
Business
Medium 66.6
62.7
Last release Importance Actual Forecast
Previous
66.6
Next release Actual Forecast
Previous
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Silf/Swedbank Composite PMI is published since 2019. It is a composite indicator calculated based on the Manufacturing and Service PMIs. The composite index enables a quick evaluation of the country's economy state and it correlates well with the GDP growth. It is published on the third banking day of every month, at 08:30, together with the Services PMI.

The index is calculated by Swedbank and Silf on the basis of a monthly survey of about 400 purchasing managers. The are asked to evaluate the activity of their company: whether it has increased, decreased or it has not changed. The respondents evaluate orders, production, employment, delivery times and inventories in warehouses.

In the resulting index, the weight of the manufacturing sector reading is 28%, the service sector reading has a weight of 72%. Values more than 50 indicate an economic growth, while values less than 50 indicate a decline. The values are subject to seasonal adjustment.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Purchasing managers are among the first to notice such changes. PMI is interpreted as a leading indicator of production and inflation, and it is therefore popular with analysts. The growth of the Composite PMI is an indicator of favorable market conditions and can be seen as positive for the Swedish krone.

Last values:

actual data

The chart of the entire available history of the "Silf/Swedbank Sweden Composite Purchasing Managers Index (PMI)" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Apr 2021
66.6
62.7
Mar 2021
62.0
62.3
Feb 2021
62.4
60.4
Jan 2021
60.2
59.1
Dec 2020
58.9
58.8
Nov 2020
58.7
56.2
Oct 2020
55.9
55.0
Sep 2020
54.9
56.3
Aug 2020
55.7
54.0
Jul 2020
53.7
50.0
Jun 2020
48.7
41.1
May 2020
40.5
38.3
Apr 2020
38.3
45.1
Mar 2020
45.9
55.4
Feb 2020
55.7
52.8
Jan 2020
52.2
48.7
Dec 2019
48.3
47.3
Nov 2019
47.2
48.5
Oct 2019
48.6
48.8
Sep 2019
48.8
53.5
Aug 2019
53.6
52.4
Jul 2019
52.2
50.4
Jun 2019
50.5
52.9
May 2019
53.3
53.0
Apr 2019
53.2
54.4
Mar 2019
54.6
54.9
Feb 2019
54.9
53.5
Jan 2019
53.3
54.7
Dec 2018
55.1

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