Sweden's Swedbank Manufacturing PMI eased to 53.6 in May 2025 from 54.2 in the previous month, but remaining firmly in growth territory. The decline was driven by weaker order intake (51.3 vs 55.3) and inventory stocks (51.3 vs 51.6). Additionally, the index for suppliers' raw material and input prices fell to a 7-month low of 49.6 in May from 50.5 in the previous month, due to global raw material price increases and a weakened krona. However, production (59.7 vs 58.3), employment (53.7 vs 53), and delivery times (51.1 vs 50.8) all rose.