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.

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Sweden Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
65.60 61.90 67.20 34.40 2006 - 2021 points Monthly
SA


News Stream
Swedish Services Growth Highest in 14 Years
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.
2021-05-05
Sweden Services Growth Eases in March
Services PMI in Sweden decreased to 61.3 in March of 2021 from a downwardly revised 62.5 in the previous month. It is the tenth consecutive monthly expansion in the country's services sector. New orders accounted for the largest contribution to the decline, followed by business volume, while employment and delivery times increased. Meantime, price pressures increased further and the index for suppliers' input goods prices was noted at 68.6, which is the highest level since 2011. The service companies' plans for an increased business volume for the next six months showed growing optimism, the highest level since the fourth quarter 2010.
2021-04-06
Swedish Services Growth Highest in Over 3 Years
Services PMI in Sweden increased to 62.7 in February of 2021 from an upwardly revised 59.6 in the previous month. It is the ninth consecutive monthly expansion in the country's services sector and the strongest since December of 2017. New orders accounted for the single largest contribution, followed by delivery times, while business volume and employment declined. Also, price pressures intensified. The service companies' plans for an increased business volume for the next six months remain unchanged, despite the uncertainty surrounding the corona pandemic.
2021-03-03
Sweden Services PMI Highest in Over 2 Years
Services PMI in Sweden increased to 59.30 points in January of 2021 from 56.60 points in December of 2020. The reading pointed to the strongest growth in services activity since November of 2018 "supported by companies with a tight connection to industry, but also to expectations corona vaccines will lift the business cycle in services," Swedbank economist Jorgen Kennemar said.
2021-02-03

Sweden Services PMI
In Sweden, the Swedbank’s Services PMI measures the performance of the service sector and is derived from a survey of 200 companies. The index tracks variables such as New Orders (35 percent of total weight), Business Volume (25 percent), Employment (20 percent) and Suppliers’ Delivery Times (20 percent). A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.