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
45.7
Forecast
44.4
Previous
43.4
Source: Swedbank. Figures as released; revisions appear in the next print.
Sweden Manufacturing PMI for October 2023 came in at 45.7 versus 44.4 expected (previous 43.4), above forecast, which was positive for the SEK.
What it meant for the SEK
The actual landed above the 44.4 forecast (1.3 above expectations). A reading above forecast is generally bullish for the SEK, and below forecast bearish. On this release the read was positive for the SEK.
New to this release? See what Sweden Manufacturing PMI measures, the next release and its full history.