Business Sweden’s Export Managers’ Index (EMI) which monitors views and reflects sentiment among Swedish exporters of goods and services, continued to decline in the third quarter, falling moderately by 2.8 points to 57.8, from 60.6 in the second quarter.

While Sweden’s export companies continue to be optimistic, the future outlook has clearly dampened. This sentiment is reflected, not least, by the subindex for profitability of export sales in the next three months which tumbled below the 50-mark to 45.7. High inflation and rising interest rates coupled with weakening global demand are all contributing factors.

The survey also points to divided views on expected demand from the world’s regions. The subindex for Asia as well as Central and Eastern Europe recovered well during the third quarter and jumped by 8.2 and 7.7 for the respective regions. 

At the same time, the index for expected export demand from Western Europe fell by as much as 10.2 points. This is largely due to Europe’s reliance on imports of gas and oil from Russia which has led to an energy crisis that, in turn, has caused a considerable downward revision of forecasted economic growth.   

Download the report for a full overview of the survey results.    

The next Export Managers’ Index will be published 10 November 2022.

Export manager's index

Export Manager's Index Q3 2022
PDF - 6 mb
Weighted time series EMI Q3 2022
XLSX - 51 kb

 

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 2022

Below are the Swedish publishing dates of the EMI report. The English version is available on the website a few days after. 

11 February: EMI Q1 
12 May: EMI Q2
25 August: EMI Q3 
10 November: EMI Q4 


Previous analyses

2022
EXPORT MANAGERS INDEX Q2 2022
PDF - 1 mb
Exportchefsindex Q1 2022
EXPORTCHEFSINDEX Q1 2022 - 2 mb

 

2021
Export manager's index Q4 2021
PDF - 1 mb
Export Managers’ Index Q3 2021
PDF - 2 mb
Export Managers' Index Q2 2021
PDF - 4 mb
Export Managers' Index Q1 2021
PDF - 2 mb

 

2020
Export Managers' Index Q4 2020
PDF - 1 mb
EXPORT MANAGERS INDEX Q3 2020
PDF - 1 mb
EXPORT MANAGERS INDEX, Q2 2020
PDF - 1 mb
Export Managers Index, Q1 2020
PDF - 3 mb

 

2019
Export Managers Index, Q4 2019
PDF - 1 mb
Export Managers Index, Q3 2019
PDF - 786 kb
Export Managers Index, Q2 2019
PDF - 933 kb
Export Managers Index, Q1 2019
PDF - 1 mb

 

2018
Export Managers Index, Q4 2018
PDF - 1 mb
Export Managers Index, Q3 2018
PDF - 1 mb
Export Managers Index, Q2 2018
PDF - 978 kb
Export Managers Index, Q1 2018
PDF - 7 mb

 

2017
Export Managers Index, Q4 2017
PDF - 1 mb
Export Managers Index, Q3 2017
PDF - 1 mb
Export Managers Index, Q2 2017
PDF - 647 kb
Export Managers Index, Q1 2017
PDF - 776 kb