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
50
Forecast
48.9
Previous
49.2
Source: Swedbank. Figures as released; revisions appear in the next print.
Sweden Manufacturing PMI for March 2024 came in at 50 versus 48.9 expected (previous 49.2), above forecast, which was positive for the SEK.
What it meant for the SEK
The actual landed above the 48.9 forecast (1.1 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.