Swedish Manufacturing PMI Hits Highest Level Since January 2022 as Industry Gains Momentum

This is the highest level since January 2022.

“The Swedish industrial economy gained further momentum in October, reaching levels we have not seen in four years, while industrial companies’ production plans point to optimism,” says Jörgen Kennemar, who is responsible for analysing the Purchasing Managers’ Index at Swedbank, in a press release.

The Purchasing Managers’ Index is a business cycle indicator for the Swedish economy compiled jointly by Swedbank and Silf. An index reading above 50 indicates growth, while a reading below 50 indicates a decline.