The Services PMI in Sweden increased to 65.6 in April of 2021 from an upwardly revised 61.9 in the previous month, signaling the fastest pace of expansion in the sector since April 2007. Business volume accounted for the largest contribution to the increase, followed by delivery times, and employment. Meantime, price pressures increased further to new record levels; and the index for service companies' business volume plans hit an all-time high, pointing to growing optimism about the output outlook for the next six months. source: Swedbank
Services PMI in Sweden averaged 55.54 points from 2006 until 2021, 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 May of 2021.
Services PMI in Sweden is expected to be 52.00 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.