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
48.8
Forecast
50.4
Previous
49
Source: Swedbank. Figures as released; revisions appear in the next print.
Sweden Manufacturing PMI for December 2023 came in at 48.8 versus 50.4 expected (previous 49), below forecast, which was negative for the SEK.
What it meant for the SEK
The actual landed below the 50.4 forecast (1.6 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.