FX.co ★ Sweden Manufacturing Activity Climbs Over Four-Year High

Sweden’s Swedbank Manufacturing PMI climbed to 58.3 in June 2026, up from a revised 57.4 in May, reaching its highest level since January 2022 and remaining above its long‑term average for a twelfth consecutive month. The headline improvement was mainly supported by stronger production (59.9 vs 58.4 in May) and higher order intake (58.9 vs 56.2).

In contrast, employment eased to 57.5 from 58.9, while suppliers’ delivery times shortened marginally to 63.5 from 63.8. Both export and domestic orders increased, to 55.4 and 57.6 respectively.

On the pricing side, the index for suppliers’ raw material and input costs edged up by 0.1 point to 81.3. At the same time, manufacturers’ sentiment weakened somewhat: the production plans index slipped to 68.8 from 70.2, moving below the 70 mark, as persistent input cost pressures fueled concerns that they could become inflationary and increasingly challenging for manufacturers over time.