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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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