FX.co ★ Sweden Manufacturing PMI Highest in Over 3 Years

Swedbank's Manufacturing Purchasing Managers' Index (PMI) in Sweden rose to 54.2 in July 2025, up from a revised 51.8 in June. This figure represents the highest level since May 2022 and aligns closely with the historical average of 54.3. The most significant positive influence came from the sub-index of incoming orders, which jumped to 56.2 from 48.8 in the previous month. This was followed by improvements in suppliers' delivery times (53.1, up from 50.7) and inventory purchases (46.4, down from 47.5). However, there were slight declines in the sub-indices for production (54.8, down from 55.6) and employment (51.7, down from 52.1). Despite these nuances, manufacturing firms remain optimistic about future production, as indicated by the rise in the related index from 62.8 to 63.6. Meanwhile, the index for suppliers' raw and input prices dipped slightly to 50.3 from 50.4, suggesting that price pressures remain mild in the sector. Jörgen Kennemar, who oversees the PMI analysis, cautioned that uncertainty regarding global trade policies continues to cast a shadow over the Swedish industry, posing potential risks of future setbacks.