瑞典服务业采购经理人指数从7月份向上修正的49.0攀升至2025年8月的53.4，标志着在短暂陷入收缩后再次复苏。新订单从52.2攀升至58.4，商业活动从50.2改善至53.0，推动了反弹。然而，劳动力市场状况仍然疲软，就业人数仍低于50，为44.6人，尽管高于7月份的37.3人，标志着连续第13个月出现收缩。供应商交货时间保持不变，为53.7，将交付周期延长至15个月。在价格方面，投入成本加速至56.6，为五个月来的最高水平，但仍低于58.0的历史平均水平，表明成本在上升，但成本压力有所控制。Swedbank分析师Jörgen Kennemar警告称，虽然反弹指向弹性，但需要更高的PMI读数来确认服务产出和招聘的持续回升。

The Services PMI in Sweden climbed to 53.4 in August 2025 from an upwardly revised 49.0 in July, signaling a renewed recovery after briefly slipping into contraction. The rebound was driven by a sharp rise in new orders, which climbed to 58.4 from 52.2, alongside an improvement in business activity to 53.0 from 50.2. However, labor market conditions remained weak, with employment stuck below the 50-mark at 44.6, though up from 37.3 in July, marking the 13th consecutive month of contraction. Supplier delivery times were unchanged at 53.7, extending their run of lengthening lead times to 15 months. On prices, input costs accelerated to 56.6—the highest in five months but still below the historical average of 58.0—indicating rising but contained cost pressures. Swedbank analyst Jörgen Kennemar cautioned that while the rebound points to resilience, higher PMI readings will be needed to confirm a sustained pickup in service output and hiring.

瑞典银行制造业采购经理人指数从7月份的54.4升至2025年8月的55.3，达到今年的最高水平，自2022年春季以来首次超过长期平均水平54.3。最强劲的增长来自生产（6月份为58.0比55.2），其次是新订单（57.0比56.5）、就业（52.0比51.6）和供应商交货时间（54.0比53.3）。此外，生产计划攀升至65.2，为三年多来的最高水平，这表明制造商持乐观态度。相比之下，采购材料的库存（48.6比46.7）对指数产生了负面影响。与此同时，投入价格指数从50.1微升至50.9，表明成本压力减弱。瑞典银行PMI分析师Jörgen Kennemar指出，与美国达成夏季协议后贸易不确定性的缓解可能会提振信心，但他警告称，关税和全球地缘政治的风险仍然存在。

Sweden’s Swedbank Manufacturing PMI rose to 55.3 in August 2025 from 54.4 in July, reaching its highest level this year and moving above the long-term average of 54.3 for the first time since spring 2022. The strongest boost came from production (58.0 vs 55.2 in June), followed by new orders (57.0 vs 56.5), employment (52.0 vs 51.6), and supplier delivery times (54.0 vs 53.3). Additionally, production plans climbed to 65.2, the highest in more than three years, signaling optimism among manufacturers. In contrast, inventories of purchased materials (48.6 vs 46.7) weighed negatively on the index. Meanwhile, the input price index edged higher to 50.9 from 50.1, indicating subdued cost pressures. Jörgen Kennemar, Swedbank’s PMI analyst, noted that easing trade uncertainty after a summer deal with the US likely supported confidence, but cautioned that risks from tariffs and global geopolitics remain.

瑞典8月制造业采购经理人指数从之前的54.2升至55.3。瑞典8月制造业采购经理人指数从之前的54.2升至55.3

Sweden Manufacturing PMI up to 55.3 in August from previous 54.2.Sweden Manufacturing PMI up to 55.3 in August from previous 54.2

瑞典经济在2025年第二季度环比增长0.5%，超过了最初估计的0.1%的增长和市场预测的0.3%的增长，从第一季度0.2%的收缩中反弹。增长主要得益于固定投资的反弹（第一季度为1.7%对-2.8%），以及家庭消费（0.4%对0.2%）和政府支出（0.2%对0.2%）的持续增长。然而，净贸易对经济造成了压力，因为出口（0.7%对2.0%）的增长低于进口（3.1%对0.9%）。按年度计算，国内生产总值增长了1.4%，高于初步估计的0.9%的增长率和市场预期的1.2%的增长率，此前上一季度下调了0.6%的增长率。

The Swedish economy expanded by 0.5% quarter-on-quarter in the second quarter of 2025, exceeding the initial estimate of a 0.1% growth and market forecasts of a 0.3% advance, rebounding from a 0.2% contraction in the first quarter. Growth was driven by a rebound in fixed investments (1.7% vs -2.8% in Q1), alongside continued increases in household consumption (0.4% vs 0.2%) and government spending (0.2% vs 0.2%). However, net trade weighed on the economy, as exports (0.7% vs 2.0%) rose less than imports (3.1% vs 0.9%). On a yearly basis, GDP grew by 1.4%, more than the preliminary estimate of a 0.9% rise and market expectations of a 1.2% increase, following a downwardly revised 0.6% growth in the previous quarter.