PMI rose to 52.5 in February: Recovery from low level

The PMI rose to 52.5 in February from 51.7 in January after having fallen two months in a row. It is positive that manufacturing activity strengthened in February, though from low levels. But at the same time production plans have become less optimistic, indicating increased uncertainty about growth prospects going forward, says Jörgen Kennemar, who is responsible for analysis of the PMI at Swedbank.

Read the full report for February 2019

PMI falls to 51.5 in January: Manufacturing continues to slow

The PMI fell in January to 51.5 from 51.8 in December, reaching the lowest level since February 2016. This means that manufacturing activity continued to slow in the first month of the year. The reason for increased caution going forward is the trend in new orders and order backlogs, which fell to the lowest level in three years, says Jörgen Kennemar, who is responsible for analysis of the PMI at Swedbank.

Read the full report for January 2019

PMI fell to 52.0 in December: Weak finish to 2018

The PMI dropped in December to 52.0 from 55.4 in November, reaching the lowest level since the beginning of 2016. The December reading showed a broad decline and means that Swedish industrial activity lost momentum at the end of 2018, says Jörgen Kennemar, who is responsible for the analysis of the PMI at Swedbank. Monthly readings should be interpreted with caution, however, because of which the next months will be critical to where the economy is headed, Jörgen Kennemar notes.

Read the full report for December 2018

PMI rose to 56.7 in November: Expansion despite economic jitters

The PMI rose in November to 56.7 from 55.0 in October, indicating a continued expansion in Swedish manufacturing. The outcome has to be seen as a show of strength against the backdrop of the lower PMI readings from the eurozone and other areas and the concerns about the global economy.

Read the full report for November 2018

PMI fell to 55.0 in October: Stabilization in the growth zone

The PMI saw little change in October, falling 0.2 points to 55.0 compared with September. This means that the total index is still in the growth zone but at a lower level than the beginning of the year, signaling a slowing growth rate in the manufacturing sector.

Read the full report for October 2018

PMI rose to 55.2 in September: Manufacturing strength continues

The PMI rose to 55.2 in September from 52.5 in August and means that the manufacturing sector remains in the growth zone, though at lower levels than at the beginning of 2018. The PMI has trended downward since the beginning of the year but stabilized in the third quarter. The biggest contribution to the increase in the PMI in September came from the sub-indexes for new orders, employment and suppliers’ delivery times.

Read the full report for September 2018

PMI fell to 52.5 in August: Lowest level so far in 2018

The PMI fell to 52.5 in August from 57.4 in July. Despite the decline, the outcome supports a continued manufacturing expansion. The biggest negative contribution came from the sub-index for production, followed by the sub-index for new orders. The sub-indices for employment and delivery times also contributed negatively to the PMI. A three-month moving average for August fell to 54.7 from 55.8 in July. Individual months should be interpreted with caution.

Read the full report for August 2018

PMI rose to 57.4 in July: Expansion continues

The PMI rose to 57.4 in July, which is 3.2 points higher than in June. The outcome supports a continued expansion in manufacturing. The sub-index for production was clearly the biggest contributor to the PMI, followed by the sub-indexes for new orders and employment. The sub-index for suppliers’ delivery times produced a marginal contribution. A three-month moving average for July rose to 55.8 from 54.8 in June. Individual months should be interpreted with caution.

Read the full report for July 2018

PMI fell to 54.2 in June: Despite decline, expansion continues

The PMI fell to 54.2 in June from 55.8 in May. The outcome supports a continued expansion in manufacturing, however. The sub-index for new orders produced the biggest negative contribution to the PMI, followed by production and employment. Suppliers’ delivery times positively contributed to the PMI. A three-month moving average for June fell to 54.8, which is 0.6 points lower than the corresponding average for May. Individual months should be interpreted with caution.

Read the full report for June 2018

PMI rose to 55.8 in May, remaining at a healthy level

The PMI rose to 55.8 in May from 54.5 in April, rebounding after a two-month decline. The PMI consequently remains at a healthy level. The sub-index for new orders contributed the most to the increase, followed by employment. Inventories also contributed positively to the PMI, while suppliers’ delivery times produced a slightly negative contribution. A three-month moving average for May was 55.4, which is 1.4 points lower than the previous average. Individual months should be interpreted with caution.

Read the full report for May 2018

PMI fell to 54.5 in April: Slowdown from high levels

The PMI fell to 54.5 in April from 55.9 in March. This is the second month in a row that the PMI fell, but developments in the manufacturing sector remain expansionary. The sub-index for new orders contributed the most to the total decrease, followed by the sub-indexes for production and delivery times. Inventories and employment, on the other hand, contributed positively to the PMI. A three-month moving average for April was 56.8, which is 0.8 points lower than the previous average. Individual months should be interpreted with caution.

Read the full report for April 2018

PMI fell to 55.9 in March: Continued expansion

The PMI fell to 55.9 in March, down 4.0 points from February. Despite the decline, the reading indicates a continued expansion in manufacturing. The sub-index for production was the biggest negative contributor to the PMI, followed by the sub-indices for new orders and employment. A three-month moving average for the PMI registered 57.6, which was 1.5 points lower than in February. Individual months should be interpreted with caution.

Read the full report for March 2018

PMI rose to 59.9 in February: The trend remains strong

The PMI rose to 59.9 in February from 57.0 in January, a gain of 2.9 points. The high number is an indication of the continued strength in manufacturing. The sub-index for new orders contributed the most to the increase, adding 2.0 points to the PMI. A three-month moving average for the PMI fell 1.1 points compared with January. Individual months should be interpreted with caution.

Read the full report for February 2018