Sweden's Silf/Swedbank Manufacturing PMI is an indicator of business cycles in the Swedish economy. The index enables a quick evaluation of the country's economy state. Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities.
PMI is interpreted as a leading indicator of production and inflation, and it is therefore popular with analysts. Swedish PMI growth is an indication of favorable market conditions and can be seen as positive for SEK quotes.