瑞典银行2025年3月的制造业采购经理人指数从2月的53.5升至53.6，为去年11月以来的最高水平。这一增长是由生产分项指数的改善推动的（2月份为59.2比54.6）。与此同时，库存（51.9比52.5）、订单量（53.6比54.6）和就业（53.1比54.4）继续扩张。然而，交货时间有所缩短（49比52.3），供应商原材料和投入价格指数从53.2攀升至57.2，为11个月来的最高水平。瑞典银行采购经理人指数分析师Jörgen Kennemar表示：“瑞典工业仍处于扩张阶段，关税上调和地缘政治不确定性迄今为止没有阻碍复苏。然而，由于美国对欧洲汽车行业的关税，风险有所增加。”。

The Swedbank Manufacturing PMI for Sweden rose to 53.6 in March 2025, up from 53.5 in February, marking the highest level since last November. This increase was driven by an improvement in the production sub-index (59.2 vs. 54.6 in February). Meanwhile, expansion continued for inventory stocks (51.9 vs. 52.5), order intake (53.6 vs. 54.6), and employment (53.1 vs. 54.4). However, delivery times contracted (49 vs. 52.3), and the index for suppliers' raw and input prices climbed to 57.2 from 53.2, the highest in eleven months. "Swedish industry remains in an expansionary phase, with tariff hikes and geopolitical uncertainty not hindering recovery so far. However, risks have increased due to US tariffs on the European automotive sector," says Jörgen Kennemar, Swedbank’s PMI analyst.

瑞典制造业采购经理人指数（月环比）：53.6（3月）vs 53.5。瑞典制造业采购经理人指数（月环比）：53.6（3月）vs 53.5

Sweden Purchasing Managers Index Manufacturing (MoM): 53.6 (March) vs 53.5.Sweden Purchasing Managers Index Manufacturing (MoM): 53.6 (March) vs 53.5

2025年2月，瑞典零售额同比增长2.8%，较上月略微修正的3.1%有所缓解，标志着自11月以来最疲软的扩张。耐用品的周转率放缓（1月份为4.3%对5.1%），而消耗品的周转率加快（1.6%对1.1%）。按月计算，零售额微涨0.1%，扭转了1月份0.6%的小幅修正跌幅。

Retail sales in Sweden increased by 2.8% year-on-year in February 2025, easing from a marginally revised 3.1% rise in the previous month and marking the softest expansion since November. Turnover of durable goods moderated (4.3% vs 5.1% in January) while that of consumables quickened (1.6% vs 1.1%). On a monthly basis, retail sales edged up 0.1%, reversing a marginally revised 0.6% decline in January.

瑞典经济趋势指标从上个月向下修正的96.7降至2025年3月的95.2，为2024年10月以来的最低水平。消费者信心大幅下降（2月份为89.8比94.6），反映出与正常水平相比，市场情绪明显减弱。贸易部门的情绪也恶化了（103比108.7），杂货贸易和机动车贸易的公司非常悲观。同样，服务业的信心减弱（97.9比99.7），因为企业对订单量的不满程度与2月份一样。从好的方面来看，建筑和土木工程行业的信心有所改善（101.6比98.6），制造业的信心也有所改善（96.4比95.6）。

The Economic Tendency Indicator for Sweden fell to 95.2 in March 2025 from a downwardly revised 96.7 in the previous month, marking the lowest level since October 2024. Consumer confidence dropped sharply (89.8 vs 94.6 in February), reflecting significantly weaker sentiment compared to normal levels. Sentiment also deteriorated in the trade sector (103 vs 108.7), with firms in the grocery trade and motor vehicle trade being highly pessimistic. Similarly, confidence weakened in the services sector (97.9 vs 99.7), as businesses remained as dissatisfied with order volumes as they were in February. On a brighter note, confidence improved in the building and civil engineering sector (101.6 vs 98.6), as well as in the manufacturing industry (96.4 vs 95.6).