The Sweden Services PMI fell to 56.6 in December of 2020 from a downwardly revised 58.3 in November which was the highest in 2 years. Growth in the services sector slowed for the first time since September but was robust and above the long-term average for the 4th month. All sub-indices fell in December with business volume accounting for the largest negative contribution, followed by delivery times and order intake. Employment indicates a continued subdued need for new employment in the service sector. source: Swedbank
Services PMI in Sweden averaged 55.36 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 January of 2021.
Services PMI in Sweden is expected to be 50.40 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.