The services PMI in Sweden increased to 69.6 in September of 2021 from an upwardly revised 65.1 in the previous month. The reading pointed to the highest growth in service sector since May. " The expansion in the service sector continues at high speed, which has also contributed to an increased need for new employment as well if rising input goods prices and longer delivery times in the long run can be hampering growth, said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. Order intake contributed the most to the increase (up 5.5 points to 68.6), followed by business volume (up 2.1 points to 64.9) and employment (up 0.8 to 58.6). Meanwhile, the sub-index for delivery times continued to rise and reached a record high of 88.4 in September. Also, the index for suppliers' input goods prices rose to a new record level (at 88.7). source: Swedbank

Services PMI in Sweden averaged 55.88 points from 2006 until 2021, reaching an all time high of 71.60 points in May of 2021 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 October of 2021.

Services PMI in Sweden is expected to be 57.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Services PMI is projected to trend around 55.10 points in 2022 and 54.00 points in 2023, according to our econometric models.

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Sweden Services PMI


News Stream
Swedish Services PMI Rises to 4-Month High
The services PMI in Sweden increased to 69.6 in September of 2021 from an upwardly revised 65.1 in the previous month. The reading pointed to the highest growth in service sector since May. " The expansion in the service sector continues at high speed, which has also contributed to an increased need for new employment as well if rising input goods prices and longer delivery times in the long run can be hampering growth, said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. Order intake contributed the most to the increase (up 5.5 points to 68.6), followed by business volume (up 2.1 points to 64.9) and employment (up 0.8 to 58.6). Meanwhile, the sub-index for delivery times continued to rise and reached a record high of 88.4 in September. Also, the index for suppliers' input goods prices rose to a new record level (at 88.7).
2021-10-05
Swedish Services Growth Slowed To 5-Month Low
The services PMI in Sweden eased to 64.7 in August of 2021 from 69.1 in the previous month. The reading pointed to the slowest growth in service sector since March 2021, although the index was above the 60 level for the eighth month in a row and well above the historical average of 55.8. Order intake (down 7.8 points to 62.8) and business volume (down 7.9 points to 62) contributed the most to the decline . The sub-index for employment was broadly unchanged at 57.6 in August, while that for delivery times increased (up 1.7 points to 78.3) and made a positive contribution. Also, the index for suppliers' input goods prices remained at historically high levels even though the index slowed in August to 75.7 from 80.7 in July.
2021-09-03
Swedish Services PMI Rises to Second-Highest on Record
The Services PMI in Sweden increased to 69.1 in July of 2021 from an upwardly revised 67.9 in the previous month. It was the second-highest reading on record in the sector, amid easing COVID-19 restrictions. Three of the four sub-indices increased. Both new orders (up 2.8 points to 70.7) and employment (up 3.3 points to 57.7) accounted for the largest increases, while delivery times declined and made a negative contribution (down 3.6 points to 75.8). Meantime, the index for suppliers' input goods prices remains at historically high levels and shows that rising input goods prices are widespread in the service sector, even though the index slowed to 81.2 from 82.2.
2021-08-04

Sweden Last Unit Reference Previous Highest Lowest
Services PMI 69.60 points Sep/21 65.10 71.20 34.40
Manufacturing PMI 64.60 points Sep/21 60.10 70.40 34.00


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.