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
55.3
Forecast
53.7
Previous
54.4
Sweden Manufacturing PMI for Aug came in at 55.3 versus 53.7 expected (previous 54.4), above forecast, which was positive for the SEK.
What it meant for the SEK
The actual landed above the 53.7 forecast (1.6 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.