Nordea
June 1, 2026
Swedish May PMI: Good Growth, Higher Prices
Monthly UpdateMacro Economic IndicatorsRates Govt BondsIndustrials
Sweden's Manufacturing PMI rose to 57.3 in May 2026, its highest level in over four years, driven by strong global demand and defense spending.
Key Takeaways
- 1.The Swedish manufacturing PMI rose to 57.3 in May 2026, signaling the highest growth reading since February 2022.
- 2.The employment sub-index rose significantly to 59.1, indicating strengthening labor demand ahead of upcoming pay-talks.
- 3.Price pressures remain elevated at 81.6, driven by higher energy and commodity costs, which poses risks to inflation forecasts.
Table of Contents
- Swedish May PMI: Good growth, higher prices
- DISCLAIMER
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Authors
Torbjörn Isaksson
Securities
Riksbank Policy Rate
Themes
Manufacturing Sector ExpansionPersistent Input Price InflationLabor Market Tightness
Regions
EuropeSweden
