2025.11.0307:41:24UTC+00Sweden Manufacturing Growth Slightly Softens

In October 2025, the Swedbank Manufacturing PMI in Sweden slightly decreased to 55.1 from September’s 55.6, yet it stayed above the historical average of 54.3, indicating an ongoing, though reduced, expansion. This decline was primarily due to slower growth in most sub-indices, including new orders, which dropped to 55.6 from September's 57.5, employment, which fell to 50.9 from 53.1, and delivery times, which slightly decreased to 53.3 from 53.7. On a positive note, inventories were nearly stable at 49.9, up from 47.0, while production surged, reaching 60.9 from 57.6—its highest in four years. Regarding costs, input prices increased for the third consecutive month to 51.7 from 51.2, yet they remained significantly below the long-term average of 57.6, indicating modest cost pressures. Production plans for the upcoming six months rose notably to 69.7 from 64.7, showcasing sustained confidence among manufacturers despite external challenges, including weak demand from the eurozone, a stronger krona, and persistent global trade uncertainty.