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Export Managers' Index Q4 2018

The Business Sweden Export Managers’ Index (EMI) fell for the second consecutive quarter, slipping 2.5 points to 57.4 in Q4, down from 59.9 in the third quarter. Despite this further decrease, the index remains comfortably above 50, indicating that Swedish exporters remain optimist and retain a positive outlook on market conditions.

A weakening of current sentiment was the primary reason for the decline in overall optimism, with the current EMI falling by 4.5 points to 59.0 in Q4, down from 63.5 in the third quarter. The forecast EMI, which measures sentiment for the coming three months, fell just 0.6 points to 55.8 in Q4, down from 56.4 in the third quarter.

Virtually all sub-indices decreased in Q4, signalling an overall decline in optimism among export firms, especially regarding current export conditions. The three exceptions to the downward trend were the indices for forecast export profitability and for projected export demand in North America and South America, which both increased from Q3.

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Date: 16 Nov 2018
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