Swedish Manufacturing Sector Expands for 2nd Month

The Swedbank Manufacturing PMI for Sweden increased to 51.4 in April 2024 from an upwardly revised 50.4 in the previous month.

It was the second consecutive month of growth in the country’s manufacturing sector, as order intake continues to improve (54.6 vs 51.5), marking its highest level in over two years.

Additionally, increases were also observed in employment (49.1 vs 46.8), delivery times (43.7 vs 42.1), and inventories (44.2 vs 44.9).

Meanwhile, production plans fell back at 58.7 (vs 59.2) but higher than the average for the past twelve months (54.0).

Also, the index for suppliers' raw and input prices rose to 53.4 (vs 46.8).