The Swedish Services PMI declined to a seasonally adjusted 53.3 in May 2019 from a downwardly revised 53.9 in the previous month. It marked the weakest pace of expansion in the service sector since April 2016, as declines were seen in both new orders (52.3 vs 54.1 in April); and employment (54.4 vs 55.6). Meanwhile, suppliers' delivery times were little-changed (48.5 vs 48.4). Finally, the sub-index measuring output expectations slipped to 66.0 in May from 66.2 in April. Services Pmi in Sweden averaged 55.85 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 100.20 101.60 119.30 65.40 Index Points [+]
Manufacturing PMI 53.10 50.90 70.40 34.00 [+]
Services Pmi 53.30 53.90 67.20 34.50 Index Points [+]
Industrial Production 3.40 -0.30 14.10 -23.80 percent [+]
Industrial Production Mom 1.30 -1.90 8.80 -7.90 percent [+]
Manufacturing Production 3.40 -0.30 19.20 -23.70 percent [+]
Capacity Utilization 91.00 90.50 91.20 76.00 percent [+]
New Orders 112.50 110.30 133.80 73.00 Index Points [+]
Changes in Inventories 25380.00 -4348.00 35730.00 -27310.00 SEK Million [+]
Bankruptcies 687.00 634.00 2148.00 276.00 Companies [+]
Car Registrations 33250.00 31451.00 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 2.10 0.90 104.90 -49.80 percent [+]
Steel Production 431.97 439.75 564.00 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 11368.80 2916.49 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.30 53.90 67.20 34.50 2006 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 52.50 May/19
Brazil 47.80 May/19
China 52.70 May/19
Euro Area 52.90 May/19
France 51.50 May/19
Germany 55.40 May/19
India 50.20 May/19
Italy 50.00 May/19
Japan 51.70 May/19
Russia 52.00 May/19
Spain 52.80 May/19
United Kingdom 51.00 May/19
United States 50.90 May/19


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