Sweden Manufacturing PMI surveys factory purchasing managers on output, orders and hiring; a reading above 50 means manufacturing is expanding and below 50 means it is contracting.
Actual
45.8
Forecast
48
Previous
48
Sweden Manufacturing PMI for Aug came in at 45.8 versus 48 expected (previous 48), below forecast, which was negative for the SEK.
What it meant for the SEK
The actual landed below the 48 forecast (2.2 below expectations). A reading above forecast is generally bullish for the SEK, and below forecast bearish. On this release the read was negative for the SEK.
New to this release? See what Sweden Manufacturing PMI measures, the next release and its full history.