Export manager index from Business Sweden falls to 46.7 in the third quarter of this year. To find lower levels, you have to go back to the year when the pandemic broke out, 2020.
The decline in the third quarter is based on 52.2 the previous quarter and that the index is now below the 50 mark shows that the export sector is generally characterized by pessimism.
“More and more export companies have a gloomy view of the export prospects and that there is a headwind from the east,” writes Lena Sellgren in a comment.
The partial index for the view of the current situation fell 4.9 units to 50.7. As for the futures sub-index, the decline was even deeper, down 6.1 points to 42.8.
“Index for expected export demand from Asia and Oceania completely failed with a fall of 24.1 units to 35.6 in the third quarter, from 59.7 in the previous quarter. It is the lowest level since measurements began in 2007,” writes Lena Sellgren.
“Export companies also no longer seem to have the same traction from the weak Swedish krona,” she adds.