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
49.2
Forecast
53
Previous
53
Sweden Manufacturing PMI for Jul came in at 49.2 versus 53 expected (previous 53), below forecast, which was negative for the SEK.
What it meant for the SEK
The actual landed below the 53 forecast (3.8 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.