First Quarter 2022 Investor Presentation
60
Sweden: PMI and economic sentiment still at high levels
Sweden: Economic sentiment and GDP
Sweden: PMI
7.5
- 130
75
70
5.0-
2.5
120
0.0
100
-2.5
90
-5.0-
80
-7.5
70
- 110
W my
50
65
60
55
75
70
65
60
55
50
45
45
40
40
35
35
-10.0
60
30
30
2008
2010 2012 2014
2016 2018
2020 2022
2008 2010 2012
2014 2016 2018 2020 2022
- Economic sentiment indicator (NIER) (hö axel) ■GDP, % q/q (vä axel)
NIER survey declining slightly from 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 more moderate
levels
•
- Manufacturing -Services
PMI has declined slightly from a peak in April 2021
Composite
SEB Nordic Outlook March 2022
SEBView entire presentation