Sweden Manufacturing PMI

Last Release

Oct 31, 2025

Actual

55.1

Units In

Points

55.6

Frequency

Monthly

Next Release

Dec 01, 2025

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
70.4 Nov 1994	34 Dec 2008	54.29 Points	1994-2025	Swedbank

In Sweden, the Swedbank Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 200 purchasing managers in the manufacturing industry. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

Sweden’s Swedbank Manufacturing PMI slipped to 54.6 in November 2025 from 55.1 in the previous month. The latest figure remained above its 54.3 long-term average for a fifth month but marked the lowest reading since July, largely due to a pullback in production (57.6 vs 60.5) and slightly slower delivery times (52.7 vs 53.2). Meanwhile, new orders strengthened further to 56.7, supported by firmer domestic demand, while employment edged higher to 51.6, keeping hiring in growth territory. Inventories were broadly stable at 49.9, but order backlogs surged to 58.7, the highest since early 2022. On prices, input costs rose again to 53.4, though still well below the historical average, pointing to subdued cost pressure. Despite weak eurozone conditions, especially in Germany, production plans remained strongly optimistic at 66.7, signaling confidence in the near-term outlook.