2026.01.0207:58:51UTC+00Sweden Manufacturing Growth Picks Up in December

Swedbank Manufacturing PMI in Sweden increased to 55.3 in December 2025, up from 54.7 in November. This marks the sixth consecutive month above the long-term average of 54.3, indicating a robust end to the year. The rise was attributed to enhanced production levels (58.5 compared to 57.6) and improved demand conditions, with new orders continuing to grow (57.0 compared to 56.7), buoyed by both export and domestic markets. Although supplier delivery times extended (55.1 compared to 53.1), this was attributed to healthy activity rather than supply-chain issues. On the downside, employment slightly decreased (50.3 compared to 51.6), and inventories of purchased materials continued to fall (47.6 compared to 49.8). Additionally, input costs rose for the seventh straight month (57.4 compared to 54.0), approaching the historical average and suggesting mounting cost pressures. Nonetheless, despite a challenging eurozone environment, particularly in Germany, manufacturers maintained strong production expectations (65.7 compared to 66.6), highlighting confidence in the near-term economic outlook.