Business Sweden's Export Managers’ Index (EMI), which reflects the sentiment among Swedish goods and services exporters, fell by 4.9 points to 50.4, from 55.3 in the previous quarter.
The most notable result of the third quarter survey was that most subindices fell, and also showing even larger discrepancies between world regions than previously. The index for expected export demand is now below the 50-mark in four of the six regions.
Growing concerns about both the Chinese and US economies have prompted a more cautious outlook, and many companies have lowered their expectations. A bright spot in the survey was the index reflecting views of expected export sales, which remained high and signals continued optimistic sentiment.
Despite the decline in the third quarter, Swedish exporters remain optimistic about demand from Western Europe and North America, and have a balanced view of demand from Central and Eastern Europe as well as the Middle East, Türkiye and Africa.
Download the report for a full overview of the survey results.
The next Export Managers’ Index will be published on 7 November 2024.
Export manager's index:
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ABOUT THE ANALYSIS
Business Sweden’s Export Managers’ Index is a quarterly index showing the current mood of Swedish exporting companies as well as their near-future outlook for exports to the regions of the world.
The index is a measure of companies’ perceived export demand in the market, where a level above 50 indicates market expansion and a level below 50 indicates market contraction. The index can be split into subindices for current and forecast export demand, and contains information on export sales, expected regional demand and perceived order stock.
The survey is conducted by Statistics Sweden (SCB). Business Sweden’s Export Managers’ Index is a leading indicator of the development of Sweden’s economy.
Publishing dates 2024
Below are the Swedish publishing dates for the EMI report. The English version is available on the website a few days later.
8 February: EMI Q1
8 May: EMI Q2
29 August: EMI Q3
7 November: EMI Q4
Previous analyses