Purchasing Manager's Index – Manufacturing
The Purchasing Managers’ Index (PMI) is a business cycle indicator for the Swedish economy, produced by Swedbank in cooperation with Silf. The PMI is produced both for the manufacturing and the service sector. The aim of purchasing managers’ index is to get a quick measure of the current state of the economy. Each month purchasing managers are surveyed and an index calculated. An index level above 50 indicates expansion, while an index level below 50 signals a contraction. The purchasing managers’ index for the manufacturing sector is published on the first banking day of each month at 08:30, while the corresponding index for the service sector is published on the third banking day of each month at 08:30.
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