Suécia PMI Industrial

Sweden’s Swedbank Manufacturing PMI rose to 55.6 in September 2025 from 55.3 in August, marking the highest reading since spring 2022. The strongest contribution came from employment (53.6 vs 52.3), followed by new orders (57.7 vs 57.0) and leaner inventories of purchased materials (46.9 vs 48.4), which typically signal stronger future activity. Production eased slightly (56.9 vs 57.9) but stayed above its historical average, while supplier delivery times remained broadly stable (53.6 vs 53.8). Production plans slipped modestly to 63.8 from 64.5 but continued to reflect optimism among manufacturers. Input prices edged up to 51.0, the highest in six months though still well below the long-term average of 57.6, suggesting subdued cost pressures. PMI analyst Jörgen Kennemar noted Q3 was the best for Swedish industry in three years, driven by order growth, though risks linger from a stronger krona, sluggish eurozone demand, and trade policy uncertainty.