Økonomien i Sverige udvikler sig kraftigt. PMI-indekset for industrien steg i september med 55,3 point fra 53,8 i august. Indekset for nye ordrer steg særlig kraftigt til 59,2 point. Indekset for den egentlige industriproduktion steg til 60,1 pct. Det svenske opsving er stærkere end forventet.
Sweden Macro Review: PMI up again
The PMI climbed further in September, underlining that the recovery in the manufacturing industry in Sweden as well as globally is strong.
The headline PMI index rose to 55.3 in September from 53.8 in August.
It is a strong report. The sub-index for order intake rose to 59.2 while the index for inventories declined, which bodes well for the coming months. The sub-index for production picked up too, to the healthy level of 60.1.
All in all, the rise in virus cases in Europe increases the uncertainty. But as of today, the big picture is that the recovery in the Swedish economy is stronger than expected, including our relatively optimistic view on the economy. This is underlined by today’s PMI report.
Details, September:
PMI: 55.3 (prior 53.8)
Order intake: 59.2 (prior 56.6)
Export orders: 57.7 (prior 56.0)
Production: 60.1 (prior 56.3)
Employment: 45.4 (prior 47.8)
Inventories: 48.5 (prior 49.8)
Production plans 6 months ahead: 59.1 (prior 60.4)
