The Swedish Services PMI fell to a seasonally adjusted 54.1 in January 2019 from a downwardly revised 55.8 in the previous month. The reading pointed the weakest pace of expansion in services activity since April 2016, as all four sub-indices declined: new orders (53.8 vs 55.9 in December); business volume (56.2 vs 56.7); employment (54.8 vs 55.7); and suppliers' delivery times (51.0 vs 54.6). Looking ahead, the sub-index measuring output expectations dropped to 65.5 in January from 66.9 in the previous month. Services Pmi in Sweden averaged 55.88 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 56.20 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 55.90 in 12 months time. In the long-term, the Sweden Services PMI is projected to trend around 55.50 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 100.30 103.40 119.10 65.70 Index Points [+]
Manufacturing PMI 51.50 51.80 70.40 34.00 [+]
Services Pmi 54.10 55.80 67.20 34.50 Index Points [+]
Industrial Production 2.60 1.10 14.10 -23.80 percent [+]
Industrial Production Mom 1.80 -0.40 8.80 -7.90 percent [+]
Manufacturing Production 2.70 1.30 19.20 -23.80 percent [+]
Capacity Utilization 90.40 91.00 91.20 76.00 percent [+]
New Orders 111.40 111.30 133.80 73.00 Index Points [+]
Changes in Inventories 15748.00 10593.00 34961.00 -26723.00 SEK Million [+]
Bankruptcies 623.00 567.00 2148.00 276.00 Companies [+]
Car Registrations 21117.00 23414.00 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 -2.60 -1.00 104.90 -49.80 percent [+]
Steel Production 402.18 313.58 564.00 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 15937.00 14135.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.10 55.80 67.20 34.50 2006 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 52.30 Feb/19
France 49.80 Feb/19
Germany 55.10 Feb/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 56.20 Feb/19


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