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Swedish manufacturing PMI rose in September to 58.1 from 56.3 (revised from 56.1) the previous month. The index is now at its highest level in three months and thus remains above its historical average (54.3) for the fifteenth consecutive month.
“The September reading points to a clear strengthening in Swedish manufacturing, supported by a brighter global economic outlook. New orders rose broadly, production and order backlogs grew at a faster pace, but at the same time cost pressures increased,” says Jörgen Kennemar, responsible for the analysis of the purchasing managers’ index at Swedbank.
The rise in September was broad-based. The increase in new orders made the largest positive contribution to headline PMI, followed by longer delivery times and higher production, while the employment index held back the increase.
The index for suppliers’ raw material and input prices rose in September to 77.6 from 75.7 in August. This is the highest level since June and shows that cost pressures have picked up again in manufacturing.
“The high and rising cost pressures are a clear headwind for manufacturing companies. If the trend persists, the risk of squeezed margins increases, as does the risk that higher input costs will be passed on to producers and consumers,” says Jörgen Kennemar.
A figure above 50 indicates expansion.
SwedenSeptember, 2026August, 2026RevisedManufacturing PMI58.156.156.3
