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Swedish export companies remain optimistic

Export Manager’s Index (EMI) for the second quarter of 2017 increased by 2.9 units to 62.8, from 58.2 in the first quarter. The fact that EMI is above 50 indicates that more companies believe in a strengthening than a weakening of Swedish export development, says Chief Economist Lena Sellgren, who today presented the analysis.

EMI forecast increased sharply by 6.3 units to 62.9 from 56.6. The assessment of the export orders has been gloomy for a long time, but is for the second quarter in a row above the 50 mark. The proportion of export companies expecting longer delivery times in the coming quarter increased significantly to over 20 per cent in the second quarter. This indicates an increased resource utilization in the economy.

-        The economy is booming for Swedish export companies and the Export Manager's index rose to its highest level since the second quarter of 2011. Index increased for all the factors, which signals significantly increased optimism among export companies. The increase is above expectations and there is a possibility that we underestimate the power of the economic upturn, says Business Sweden's Chief Economist Lena Sellgren.

However, the profitability of export companies' sales in the present as well as in a three-month perspective increased only moderately compared with the first quarter. The share of export companies expecting increased market demand increased for all regions, with the exception of Europe.

-        Companies expect an increased market demand, which is very positive and suggests a strong future confidence. Uncertainty about the French presidential election has probably contributed to the relatively weaker development in Europe, continues Lena Sellgren.

18 May 2017