Despite this sharp drop, the index remains well above 50. This indicates that, for now at least, Swedish exporters retain a positive outlook on market conditions.
The current EMI fell by 4.0 points to 63.5 in Q3, down from 67.5 in the second quarter. The forecast EMI, which measures sentiment for the coming three months, dropped by 8.6 points to 56.4 in Q3, down from 65.0 in the second quarter.
Across the board, exporters were less optimistic – especially in their projections over a three-month time frame – than in Q2. The only exceptions were the indices for export order stocks and forecast export demand from Central and Eastern Europe, which both strengthened in Q3.
Weighted time seies