Silf/Swedbank Composite PMI is published since 2019. It is a composite indicator calculated based on the Manufacturing and Service PMIs. The composite index enables a quick evaluation of the country's economy state and it correlates well with the GDP growth. Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities.
The growth of the composite PMI is an indicator of favorable market conditions and can be seen as positive for the SEK.