SEB Nordic Outlook
55
53
Sweden: PMI and economic sentiment close to all-time highs.
Sweden: Economic sentiment and GDP
Sweden: PMI
75
75
10.0
7.5-
My
5.0
2.5-
0.0
-2.5
-5.0-
-7.5-
-10.0
- 130
70
R
70
120
65
65
- 110
60
60
100
55
55
50
50
90
45
45
80
40
40
70
35
35
60
30
30
T
2008 2010 2012
- Economic sentiment indicator (NIER) (hö axel) GDP, % q/q (vä axel)
2014
2016 2018
2020
2008 2010 2012
2014
2016 2018
2020
- Manufacturing -Services
-
Composite
• NIER survey has increased to an all-time high driven by very strong
manufacturing sentiment, but service sector has also increased towards
cyclical highs. Strong expectations main contributor while current
conditions are at slightly more moderate levels.
• PMI has declined slightly over the last 2 months.
SEB Nordic Outlook
SEBView entire presentation