FX.co ★ Swedish Manufacturing Confidence Slips Below 100 in February, Signalling Softer Outlook

Sweden’s manufacturing confidence weakened notably in February 2026, with the index declining to 97.7 from 103.6 in January, according to the latest data updated on 26 February 2026. The move takes the indicator below the 100-point level, often viewed as a neutral threshold between optimism and pessimism in sentiment surveys.

The drop from January’s 103.6 suggests that Swedish manufacturers have grown more cautious about current conditions and near‑term prospects. While the data do not specify the underlying drivers, the shift into sub‑100 territory points to a more subdued outlook for production, orders, and overall activity in the sector as the first quarter of 2026 progresses.

Market participants and policymakers are likely to watch upcoming releases closely to determine whether February’s reading marks the start of a more prolonged downturn in sentiment or a temporary pullback following a relatively stronger start to the year.