Business Sweden's Export Managers' Index (EMI), which monitors views and reflects sentiment among Swedish exporters of goods and services, points to unexpectedly strong optimism. The EMI recovered by 4.6 points and rose to 52.2 in the second quarter, from 47.6 in the first quarter.
The boost in EMI was primarily driven by the companies’ assessment of the next three months, but views of current export development also contributed to the overall uptick. The EMI current subindex rose by 2.4 points to 55.6 in the second quarter, from 53.2 in the first quarter. EMI forecast, the subindex for the forward-looking issues, increased by 6.8 points to 48.9.
A noteworthy finding is the fact that several subindices rose and most of them are now near or above the 50-mark. Export companies continue to have a dampened view of current export sales, but their forecast improved significantly. The index for expected export sales in the next three months jumped by as much as 11.1 points to 58.1, from 47.0 in the first quarter.
The subindex reflecting views of export order stocks strengthened markedly since the first quarter, as did the index for the profitability of export sales. Download the report for a full overview of the survey results.
The next Export Managers’ Index will be published on 31 August 2023.
Export manager's index
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 2023
Below are the Swedish publishing dates of the EMI report. The English version is available on the website a few days later.
9 February: EMI Q1
11 May: EMI Q2
31 August: EMI Q3
10 November: EMI Q4