The services PMI in Sweden increased to 59.4 in August of 2022 from a downwardly revised 58.1 in the previous month, pointing to the first increase, after falling for three consecutive months. Business volume (56.2 vs 51.7) was the largest positive contribution to the rise in the index, followed by employment (58.6 vs 55.9). Meanwhile, both sub-indices of new orders (54.1 vs 54.8 in July) and delivery times (73.2 vs 74.1)) declined. Meantime, the index of suppliers' input prices fell in August for the third consecutive month to 76.3 from 83.1 in July, the lowest level in more than a year. " Business continues to show growth, but trend-wise has lost momentum during the summer months compared to last spring," said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. source: Swedbank
Services PMI in Sweden averaged 56.40 points from 2006 until 2022, reaching an all time high of 71.50 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 2022.
Services PMI in Sweden is expected to be 57.60 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 51.90 points in 2023 and 54.50 points in 2024, according to our econometric models.