Swedia - PMI Manufaktur

Sweden's Swedbank Manufacturing PMI declined to 45.4 in November 2019 from 46.0 in the previous month and below market expectations of 47.1. The latest reading pointed to the steepest month of contraction in the sector since November 2012, driven by declines in new orders (44.0 vs 46.6), employment (46.5 vs 48.2) and inventories (48.7 vs 50.4). Meanwhile, production continued to contract (45.6 vs 44.8) and suppliers' delivery times fell further (42.4 vs 41.3) Looking ahead, the gauge measuring output expectations increased to 52.7 in November from 49.7 in the previous month.

Sweden's Swedbank Manufacturing PMI inched lower to 46.0 in October 2019 from a downwardly revised 46.1 in the previous month and below market expectations of 47.1. The latest reading pointed to the second straight monthly contraction in the manufacturing sector, driven by declines in both suppliers' delivery times (40.9 vs 44.1) and employment (49.0 vs 49.8). Meanwhile, increases were reported in production (44.4 vs 43.5); new orders (46.8 vs 45.6), and inventories (50.5 vs 50.1). Looking ahead, the gauge measuring output expectations slumped to a record low of 50.0 in October from 53.2 in the previous month.

Sweden's Swedbank Manufacturing PMI dropped to 46.3 in September 2019 from a downwardly revised 51.8 in the previous month and below market expectations of 52.0. The latest reading pointed to the first contraction in the manufacturing sector since July 2013, driven by declines in production (43.4 vs 53.0), new orders (45.7 vs 51.7) and suppliers' delivery times (44.7 vs 49.2). Meanwhile, employment growth eased sharply (50.1 vs 53.4) and inventories were flat (50.0 vs 49.9). Looking ahead, the gauge measuring output expectations slumped to a seven-month low of 54.2 in September from 61.0 in the previous month.

Sweden's Swedbank Manufacturing PMI increased to 52.4 in July 2019 from a downwardly revised 51.9 in the previous month, beating market expectations of 50.5. The latest reading pointed to the sharpest expansion in the manufacturing sector since May. The sub-index increased for employment (53.5 vs 51.4 in June), followed by inventories (50.0 vs 49.5), and suppliers' delivery times (49.0 vs 48.4). Meanwhile, the sub-index was unchanged for both production (at 54.2) and new orders (at 52.6). Looking ahead, the gauge measuring output expectations edged up to 61.1 in June from 61.0 in the previous month.

Sweden's Swedbank Manufacturing PMI stood at 52.0 in July 2019, unchanged from the previous month, still beating market expectations of 50.5. The sub-index declined for inventories (49.6 vs 52.9 in June); production (54.3 from 56.8). Meanwhile, the sub-index rose for employment (51.2 vs 50.8), followed by new orders (52.7 vs 52.5), and suppliers' delivery times (48.5 vs 47.9). Looking ahead, the gauge measuring output expectations went up to 61.1 in June from 60.3 in the previous month.

Sweden's Swedbank Manufacturing PMI decreased to 52.0 in June 2019 from 53.1 in May, still beating market expectations of 50.6. The sub-index for new orders was the biggest contributor to the decline (52.5 vs 54.6), followed by suppliers' delivery times (47.6 vs 50.0), inventories (53.2 vs 49.2) and employment (50.7 vs 51.9). Meanwhile, the production sub-index rose for the second month in a row to 57.1 from 55.0 in May. Looking ahead, the gauge measuring output expectations went down to 60.2 in June from 62.6 in the previous month.