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
57.3
Forecast
56.4
Previous
57.0
Sweden Manufacturing PMI for May came in at 57.3 versus 56.4 expected (previous 57.0), above forecast, which was positive for the SEK.
What it meant for the SEK
The actual landed above the 56.4 forecast (0.9 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.