Business Sweden's Export Managers' Index (EMI), which monitors views and reflects sentiment among Swedish exporters of goods and services, performed surprisingly well in the second quarter. EMI rose by 4.5 points to 55.3, up from 50.8 in the previous quarter.
A notable result of the survey was that virtually all subindices rose above the 50-mark, which has not occurred since the first quarter of 2022. Views of export order stocks is now the only subindex remaining below 50.
Swedish export companies are particularly positive about export sales. Meanwhile, the index for expected export demand rose sharply for most regions – not least for Central and Eastern Europe where it jumped by 13.2 points to 63.1 in the second quarter.
In all, the survey indicates broad-based optimism among export managers, possibly driven by the fact that geopolitical tensions and the conflict in the Middle East have not worsened, while the Chinese economy is being stimulated and inflation continues to fall towards the 2-per cent target.
Download the report for a full overview of the survey results.
The next Export Managers’ Index will be published on 29 August 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
