Services PMI in Sweden decreased to 61.3 in March of 2021 from a downwardly revised 62.5 in the previous month. It is the tenth consecutive monthly expansion in the country's services sector. New orders accounted for the largest contribution to the decline, followed by business volume, while employment and delivery times increased. Meantime, price pressures increased further and the index for suppliers' input goods prices was noted at 68.6, which is the highest level since 2011. The service companies' plans for an increased business volume for the next six months showed growing optimism, the highest level since the fourth quarter 2010. source: Swedbank
Services PMI in Sweden averaged 55.47 points from 2006 until 2021, 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 April of 2021.
Services PMI in Sweden is expected to be 52.00 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 55.00 in 12 months time. In the long-term, the Sweden Services PMI is projected to trend around 52.00 points in 2022, according to our econometric models.