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
53.6
Forecast
54
Previous
54.2
Sweden Manufacturing PMI for May came in at 53.6 versus 54 expected (previous 54.2), below forecast, which was negative for the SEK.
What it meant for the SEK
The actual landed below the 54 forecast (0.4 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.