Sweden's Services PMI increased to a seasonally adjusted 48.7 in December 2019 from 47.9 in the previous month, pointing to the fourth straight month of contraction in service sector. New orders continued to decline (46.6 vs 45.7), as well as suppliers' delivery times (46.4 vs 46.7). Meanwhile, business growth picked up (52.0 vs 51.4) and employment rebounded slightly (50.6 vs 48.6). Finally, the sub-index measuring output expectations decreased to 61.9 in December from 64.2 in November. Services Pmi in Sweden averaged 55.60 points from 2006 until 2019, reaching an all time high of 67.20 points in April of 2007 and a record low of 34.50 points in January of 2009. source: Swedbank

Services Pmi in Sweden is expected to be 56.00 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 54.50 in 12 months time. In the long-term, the Sweden Services PMI is projected to trend around 55.10 points in 2020, according to our econometric models.

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Sweden Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.70 47.90 67.20 34.50 2006 - 2019 points Monthly
SA


News Stream
2019-12-04
Swedish Services Sector Shrinks for 3 Month
Sweden's Services PMI declined to a seasonally adjusted 47.9 in November 2019 from a downwardly revised 49.4 in the previous month. This was the third straight month of contraction in service sector, as three of four sub-indices declined: new orders (45.8 vs 49.7 in October); business volume (51.4 vs 51.5), and suppliers' delivery times (46.7 vs 47.4). Meanwhile, sub-indices of employment increased (48.5 vs 48.3). Finally, the sub-index measuring output expectations increased to 64.6 in November from 60.8 in October.

2019-11-05
Swedish Services Sector Shrinks for 2nd Month
Sweden's Services PMI declined to a seasonally adjusted 49.5 in October 2019 from 49.8 in the previous month. This was the second straight contraction in service sector, as sub-indices of employment fell to 6-year low (47.5 vs 52.7), and suppliers' delivery times continued to decline (47.6 vs 48.2). Meanwhile, both new orders (50.3 vs 49.3) and business volume (51.7 vs 49.2) improved. Finally, the sub-index measuring output expectations was unchanged at 60.3 in October.

2019-10-03
Swedish Service PMI Falls into Contraction Territory
Sweden's Services PMI declined to a seasonally adjusted 49.8 in September 2019 from an upwardly revised 54.2 in the previous month, as all the sub-indices fell: new orders (49.3 vs 53.7 in August); business volume (49.0 vs 58.3); employment (53.2 vs 54.9); and suppliers' delivery times (48.3 vs 49.1). Finally, the sub-index measuring output expectations was unchanged at 60.3 in September.

2019-09-04
Sweden Services Growth at 5-Month High
Sweden's Services PMI increased to a seasonally adjusted 54.1 in August 2019 from an upwardly revised 52.5 in the previous month. The reading pointed to the strongest pace of expansion in the sector since March, as increases were seen in new orders (53.0 vs 48.9 in July) and employment (55.5 vs 54.7) while business volume growth was unchanged (at 58.4). Conversely, sub-index supplier's delivery times sub-index declined to 49.1 from 49.4 in the previous period. Finally, the sub-index measuring output expectations fell to 60.3 in August from 64.1 in July.

2019-08-05
Swedish Services Sector Returns to Growth
The Swedish Services PMI increased to a seasonally adjusted 52.3 in July 2019 from a downwardly revised 49.8 in the previous month. Increases were seen in new orders (48.3 vs 46.3 in June); business volume (58.2 vs 52.2); and suppliers' delivery times (49.3 vs 46.5). Meanwhile, sub-index of employment declined (54.7 vs 56.2). Finally, the sub-index measuring output expectations rose to 64.8 in June from 63.7 in June.

2019-07-03
Swedish Services Sector Shrinks for First Time in 6 Years
The Swedish Services PMI declined to a seasonally adjusted 49.9 in June 2019 from a downwardly revised 52.8 in the previous month. The latest reading pointed to the first contraction in service sector since June 2013, as decreases were seen in new orders (46.0 vs 51.6 in May); business volume (53.1 vs 56.6); and suppliers' delivery times (46.4 vs 48.2). Meanwhile, sub-index of employment increased (56.4 vs 54.5). Finally, the sub-index measuring output expectations fell to 63.4 in June from 65.2 in May.


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.

Sweden Business Last Previous Highest Lowest Unit
Business Confidence 94.00 96.70 119.60 65.30 points [+]
Manufacturing PMI 47.10 45.70 70.40 34.00 points [+]
Services Pmi 48.70 47.90 67.20 34.50 points [+]
Industrial Production 0.80 -3.00 12.60 -26.40 percent [+]
Industrial Production Mom 2.10 -1.70 8.90 -16.70 percent [+]
Manufacturing Production 0.60 -3.00 19.20 -23.70 percent [+]
Capacity Utilization 91.40 90.90 91.40 76.00 percent [+]
New Orders 109.80 110.60 133.80 73.00 points [+]
Changes in Inventories 1179.00 11825.00 38594.00 -28657.00 SEK Million [+]
Bankruptcies 551.00 680.00 2148.00 276.00 Companies [+]
Car Registrations 48365.00 31126.00 67553.00 7205.00 [+]
Internet Speed 22543.09 22846.85 22846.85 4526.74 KBps [+]
IP Addresses 5500163.00 5448834.00 6962118.00 3403447.00 IP [+]
Mining Production 3.50 2.70 104.90 -49.80 percent [+]
Steel Production 308.85 330.02 564.00 11.00 Thousand Tonnes [+]
Competitiveness Index 81.25 81.66 81.66 5.40 Points [+]
Competitiveness Rank 8.00 9.00 10.00 2.00 [+]
Business Inventories -6136.89 1475.29 18820.86 -15697.46 SEK Million [+]
Ease of Doing Business 10.00 12.00 18.00 9.00 [+]
Electricity Production 13924.00 11356.00 16434.00 8753.00 Gigawatt-hour [+]
Corruption Index 85.00 85.00 95.00 84.00 Points [+]
Corruption Rank 4.00 3.00 6.00 1.00 [+]