Sweden's Services PMI increased to a seasonally adjusted 54.8 in July 2020 from an upwardly revised 50.9 in the previous month, pointing to the second straight month of expansion in the service sector, and the highest reading since February, following the relaxed COVID-19 lockdown measures and restrictions. The all of sub-indices increased: new orders (56.5 vs 53.8 in June); employment (47.5 vs 43.7); business activity (54.4 vs 49.5); and the suppliers' delivery time (59.7 vs 54.8). Finally, the gauge for output expectations declined to 51.1 in July from 53.6 in June.

Services Pmi in Sweden averaged 55.33 points from 2006 until 2020, reaching an all time high of 67.20 points in April of 2007 and a record low of 34.40 points in January of 2009. This page provides the latest reported value for - Sweden Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Swedbank

Services Pmi in Sweden is expected to be 44.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in Sweden to stand at 52.00 in 12 months time. In the long-term, the Sweden Services PMI is projected to trend around 55.00 points in 2021 and 52.00 points in 2022, according to our econometric models.

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Sweden Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.80 50.90 67.20 34.40 2006 - 2020 points Monthly
SA


News Stream
Swedish Services Growth Strongest in 5 Months
Sweden's Services PMI increased to a seasonally adjusted 54.8 in July 2020 from an upwardly revised 50.9 in the previous month, pointing to the second straight month of expansion in the service sector, and the highest reading since February, following the relaxed COVID-19 lockdown measures and restrictions. The all of sub-indices increased: new orders (56.5 vs 53.8 in June); employment (47.5 vs 43.7); business activity (54.4 vs 49.5); and the suppliers' delivery time (59.7 vs 54.8). Finally, the gauge for output expectations declined to 51.1 in July from 53.6 in June.
2020-08-05
Swedish Service Sector Shrinks for 4th Month
Sweden's Services PMI increased to a seasonally adjusted 49.2 in June 2020 from an upwardly revised 41.6 in the previous month, pointing to the fourth straight month of contraction in the service sector due to the coronavirus pandemic. Three of the four sub-indices rose: new orders (50.9 vs 34.8 in May); employment (43.4 vs 42.3); and business activity (47.1 vs 29.5). Meantime, the suppliers' delivery time index fell (54.4 vs 67.8). Finally, the gauge for output expectations jumped to 53.8 in June from 39.2 in May.
2020-07-03
Swedish Service Sector Shrinks for 3rd Month
Sweden's Services PMI increased to a seasonally adjusted 40.9 in May 2020 from 39.0 in the previous month, pointing to the third straight month of contraction in the service sector due to the coronavirus pandemic. Two of the four sub-indices rose: new orders (33.2 vs 27.1 in April); employment (41.9 vs 38.1). Meantime, other sub-indexes fell: business activity (29.6 vs 30.0); suppliers' delivery time (67.7 vs 71.9). Finally, the sub-index measuring output expectations was unchanged at 38.5 in May.
2020-06-03
Swedish Services PMI Falls to Over 11-Year Low
Sweden's Services PMI dropped to a seasonally adjusted 39.0 in April 2020 from a downwardly revised 46.1 in the previous month, pointing to the steepest month of contraction in the service sector since February 2009 due to the coronavirus pandemic. Three of the four sub-indices fell: new orders (27.0 vs 40.0 in March); business activity (29.9 vs 35.9); and employment (38.1 vs 46.2). By contrast, gauge for suppliers' delivery time increased sharply (72.2 vs 69.5). Finally, the sub-index measuring output expectations edged up to 38.4 in April from 38.0 in March.
2020-05-06

Sweden Services PMI
In Sweden, the Swedbank’s Services PMI measures the performance of the service sector and is derived from a survey of 200 companies. The index tracks variables such as New Orders (35 percent of total weight), Business Volume (25 percent), Employment (20 percent) and Suppliers’ Delivery Times (20 percent). A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.