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.