The Swedish Services PMI declined to a seasonally adjusted 55.3 in March 2019 from a downwardly revised 55.8 in the previous month, as three of the four sub-indices decreased: new orders (55.6 vs 55.9 in February); business volume (57.4 vs 58.1); and employment (55.1 vs 56.5). Meanwhile, the suppliers' delivery times sub-index was unchanged at 52.2. Looking ahead, the sub-index measuring output expectations dropped to 63.6 in March from 64.6 in the previous month. Services Pmi in Sweden averaged 55.87 Index Points from 2006 until 2019, reaching an all time high of 67.20 Index Points in April of 2007 and a record low of 34.50 Index Points in January of 2009.

Services Pmi in Sweden is expected to be 56.00 Index 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 56.00 in 12 months time. In the long-term, the Sweden Services PMI is projected to trend around 55.10 Index Points in 2020, according to our econometric models.

Sweden Services PMI
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Sweden Business Last Previous Highest Lowest Unit
Business Confidence 101.10 98.60 119.20 65.60 Index Points [+]
Manufacturing PMI 52.80 52.70 70.40 34.00 [+]
Services Pmi 55.30 55.80 67.20 34.50 Index Points [+]
Industrial Production 2.30 1.00 14.10 -23.90 percent [+]
Industrial Production Mom 0.40 -0.20 8.70 -7.80 percent [+]
Manufacturing Production 2.60 1.20 19.20 -23.80 percent [+]
Capacity Utilization 90.40 91.00 91.20 76.00 percent [+]
New Orders 98.40 101.80 133.80 73.00 Index Points [+]
Changes in Inventories -2909.00 15383.00 34961.00 -26723.00 SEK Million [+]
Bankruptcies 576.00 623.00 2148.00 276.00 Companies [+]
Car Registrations 31079.00 23789.00 67553.00 7205.00 [+]
Internet Speed 22543.09 22846.85 22846.85 4526.74 KBps [+]
IP Addresses 5500163.00 5448834.00 6962118.00 3403447.00 IP [+]
Mining Production -6.10 -7.00 104.90 -49.80 percent [+]
Steel Production 409.91 448.37 564.00 11.00 Thousand Tonnes [+]
Competitiveness Index 81.66 81.58 81.66 5.40 Points [+]
Competitiveness Rank 9.00 9.00 10.00 2.00 [+]
Business Inventories 3658.82 -4630.28 18820.86 -15697.46 SEK Million [+]
Ease of Doing Business 12.00 10.00 18.00 9.00 [+]
Electricity Production 14742.00 16379.00 16434.00 8753.00 Gigawatt-hour [+]
Corruption Index 85.00 84.00 95.00 84.00 Points [+]
Corruption Rank 3.00 6.00 6.00 1.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
55.30 55.80 67.20 34.50 2006 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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