While trade policy uncertainty has not been eliminated, volatility has eased significantly following the recent EU-US trade agreement.
Business Sweden's Export Managers' Index (EMI), which monitors views and reflects sentiment among Swedish exporters of goods and services, rose by 4.6 points to 51.0 in the third quarter, from 46.4.
Export managers are particularly optimistic when assessing future prospects, as shown in the EMI forecast subindex which jumped 9.0 points to 53.1. The EMI current subindex rose marginally by 0.3 points to 48.9 in the third quarter.
The most notable finding in the third quarter survey is that the index for expected export demand from North America leapt by 26.0 points to 52.3 – making a sharp rebound following a plummeting result in the second quarter. Meanwhile, views of export sales and the profitability of export sales improved both in the current and forecast subindices.
The positive sentiment among Sweden’s export companies demonstrates their strong ability to adapt to new conditions in global markets.
Download the report for a full overview of the survey results.
The next Export Managers' Index will be published on November 6, 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
