The services PMI in Sweden increased to 68.1 in April of 2022 from a downwardly revised 62.9 in March, pointing to the strongest growth in the sector since January, as all sub-indices increased. The largest increase came from business volume (64.9 vs 56.7), followed by employment (61.1 vs 54.7), new orders (62.7 vs 58.9), and delivery times (88.0 vs 85.5). The delivery times reached the second highest index level in the index's history, indicating a high demand pressure, amid supply disruptions and an increase in shortage of labor. Meanwhile, the index for suppliers' input goods prices remained at historically high levels (90.2 vs 91.1 in March). " Rapid cost increases and supply disruptions have so far not prevented the service sector from expanding while business plans remain expansionary and suggest a positive view of the growth prospects even though the downside risks have increased," said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. source: Swedbank
Services PMI in Sweden averaged 56.29 points from 2006 until 2022, reaching an all time high of 72.40 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 May of 2022.
Services PMI in Sweden is expected to be 55.70 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 54.00 points in 2023 and 55.00 points in 2024, according to our econometric models.