03.08.202607:01:15UTC+00Sweden Manufacturing Growth Eases to 7-Month Low

Sweden’s Swedbank Manufacturing PMI slipped to 55.8 in July 2026 from a downwardly revised 58.0 in June, its lowest reading since December 2025, though it remained above the long‑term average of 54.3. The deceleration was driven primarily by weaker order intake (57.5 vs. 58.8 in June), softer production (56.9 vs. 59.4), and slower employment growth (55.9 vs. 57.3).

Suppliers’ delivery times shortened to 60.0 from 62.7, while inventories rose to 58.2 from 53.6. Both export and domestic orders weakened, falling to 54.5 and 54.6, respectively.

On the price side, the index for suppliers’ raw material and input costs dropped sharply to 67.3 from 80.4 in the previous month. Manufacturers also turned less optimistic: the production plans index declined to 65.7 from 68.3, slipping below the 70 threshold, as renewed tensions in the Middle East raised concerns that cost pressures could re‑emerge despite the recent easing in input prices.