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.

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Sweden Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.60 58.30 67.20 34.40 2006 - 2020 points Monthly
SA


News Stream
Sweden Services Growth Slows but Remains Robust
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.
2021-01-07
Swedish Services Growth Highest in 2 Years
Sweden's Services PMI rose to 58.6 in November 2020 from an upwardly revised 55.3 in the previous month. The latest reading pointed to the sixth consecutive expansion in the services sector and the strongest since November 2018, driven by business activity (60.9 vs 57.4 in October) and employment (48.9 vs 45.3). Also, new orders growth accelerated (58.1 vs 57.8). On the other hand, output expectations declined to 59.9 from 63.6 in October, while delivery times lengthened (66.1 vs 58.4).
2020-12-03
Swedish Services Activity Expands for 5th Month
Sweden's Services PMI rose to 55 in October 2020 from 54.7 in the previous month. The latest reading pointed to the fifth consecutive expansion in the services sector driven by business activity (56.9 vs 55.5 in September) and employment (44.7 vs 42.8). Also, output expectations increased to 63.3 from 56.9 in September. On the other hand, new orders growth slowed (57.7 vs 59.2) while delivery times lengthened (57.9 vs 57.5).
2020-11-04
Swedish Services PMI Falls in September
Sweden's Services PMI declined to a seasonally adjusted 54.7 in September 2020 from an upwardly revised 57.3 in the previous month, pointing to the fourth straight month of expansion in the service sector, but the weakest since June. There were decreases in the sub-indexes measuring business activity (55.3 vs 60.9 in August), new orders (59.5 vs 60.1) and employment (42.9 vs 49.2). Meanwhile, the gauge for suppliers' delivery times rose to 57.5 from 55.9. Finally, the gauge for output expectations rose to 56.1 in September from 54.1 in August.
2020-10-05

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.