The Services PMI in Sweden fell to 51 in January 2023 from 52.9 in December, pointing to the lowest reading since May 2020. Among the sub-indexes, the weakest developments were seen in business volume (46 vs 52.9 in December) and new orders (48.3 vs 47.7), which were both below the 50 threshold. Meanwhile, employment remained at historically high levels of 60, suggesting continuous increased need for new hires in the service sector. On the price front, input prices edged lower (71.1 vs 72.4), but still well-above its historical average of 58. The PMI analyst at Swedbank noted that the service sector continued to weaken and the full effects of a weaker industrial economy and reduced domestic demand is likely not yet seen. source: Swedbank
Services PMI in Sweden averaged 56.32 points from 2006 until 2023, reaching an all time high of 71.00 points in September of 2021 and a record low of 34.00 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 February of 2023.
Services PMI in Sweden is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.