Silf/Swedbank Sweden Manufacturing Purchasing Managers Index (PMI)

Country:
Sweden
SEK, Swedish krona
Source:
Sector:
Business
Medium 69.1 62.9
64.7
Last release Importance Actual Forecast
Previous
66.8
69.1
Next release Actual Forecast
Previous
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Sweden's Silf/Swedbank Manufacturing Purchasing Manager Index (PMI) is an indicator of business cycles in the Swedish economy, calculated by Swedbank in cooperation with Silf, on the basis of a monthly survey of purchasing managers working in manufacturing companies. The index enables a quick evaluation of the country's economy state. It is published on the first banking day of every month, at 08:30.

Every month, a questionnaire is sent to about 200 purchasing managers employed in the manufacturing sector. The managers are asked to evaluate the state of a specific activity in their company: whether it has increased, decreased or has not changed. The respondents evaluate orders, production, employment, delivery times and inventories in warehouses.

The index value is calculated as a sum of the percentage of respondents reporting an increase and half of responses reporting no change. Values more than 50 indicate an economic growth, while values less than 50 indicate a decline.

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

Last values:

actual data

forecast

The chart of the entire available history of the "Silf/Swedbank Sweden Manufacturing Purchasing Managers Index (PMI)" 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
Apr 2021
69.1
62.9
64.7
Mar 2021
63.7
67.6
61.8
Feb 2021
61.6
68.8
62.5
Jan 2021
62.4
67.6
64.7
Dec 2020
64.9
62.4
59.8
Nov 2020
59.1
56.9
58.4
Oct 2020
58.2
54.4
55.9
Sep 2020
55.3
52.2
53.8
Aug 2020
53.4
44.7
51.4
Jul 2020
51.0
41.7
47.6
Jun 2020
47.3
41.5
40.0
May 2020
39.2
44.8
36.4
Apr 2020
36.7
47.3
42.6
Mar 2020
43.2
52.4
52.7
Feb 2020
53.2
47.1
52.0
Jan 2020
51.5
47.7
Dec 2019
47.1
45.7
Nov 2019
45.4
46.0
Oct 2019
46.0
46.1
Sep 2019
46.3
51.8
Aug 2019
52.4
51.9
Jul 2019
52.0
52.0
Jun 2019
52.0
53.1
May 2019
53.1
50.9
Apr 2019
50.9
52.5
Mar 2019
52.8
52.7
Feb 2019
52.5
51.7
Jan 2019
51.5
51.8
Dec 2018
52.0
55.4
Nov 2018
56.7
55.0
Oct 2018
55.0
55.2
Sep 2018
55.2
52.5
Aug 2018
52.5
57.4
Jul 2018
57.4
54.2
Jun 2018
54.2
55.8
May 2018
55.8
54.5
Apr 2018
54.5
55.9
Mar 2018
55.9
59.9
Feb 2018
59.9
57.0
Jan 2018
57.0
60.4
Dec 2017
60.4
63.3
Nov 2017
63.3
59.3
Oct 2017
59.3
63.7
Sep 2017
63.7
54.7
Aug 2017
54.7
60.4
Jul 2017
60.4
62.3
Jun 2017
62.4
58.8
May 2017
58.8
62.5
Apr 2017
62.5
65.2
Mar 2017
65.2
60.9

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