Business Sweden's Export Managers' Index (EMI), which monitors views and reflects sentiment among Swedish exporters of goods and services, fell by 3.5 points to 46.4 from 49.9 in the second quarter.
Both subindices – EMI current and EMI forecast fell back – signalling that export managers have a pessimistic view of current export development and future prospects.
The index for expected export demand from North America plummeted by 30.2 points to 26.3 in the second quarter from 56.5. This is the lowest recorded level since the survey began in 2007 and is largely due to President Trump's trade war against the world.
At the same time, a bright spot can be seen in the survey as export managers have highly optimistic views of expected demand from Asia and the Middle East, Türkiye and Africa, and are cautiously optimistic about Europe. Hopefully, this is a sign that export companies are looking for new markets to maintain sales volumes.
Download the report for a full overview of the survey results.
The next Export Managers' Index will be published on August 28, 2025.
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 2025
Below are the Swedish publishing dates for the EMI report. The English version is available on the website a few days later.
6 February: EMI Q1
8 May: EMI Q2
28 August: EMI Q3
6 November: EMI Q4
Previous analyses
