The Services PMI in Sweden expanded to 50.5 in April 2023, rebounding from an upwardly revised 49.9 in the previous period. The latest figure ended a two-month contraction sequence, as new orders rose above the 50-mark threshold (53.6 vs 49.2 in March) while business volume strengthened (53.4 vs 50.6). At the same time, employment edged down (51.6 vs 51.7) but remained in the growth zone. By contrast, delivery times continued falling (40.6 vs 48.7), reaching their lowest since 2009. On prices, input costs declined to 57.5 (vs 69.1), below the historical average of 58.1 for the first time since 2020. Looking ahead, the PMI analyst at Swedbank noted the service sectors remained on fragile footing due to weak private consumption and reduced housing construction. source: Swedbank
Services PMI in Sweden averaged 56.21 points from 2006 until 2023, reaching an all time high of 70.40 points in September of 2021 and a record low of 34.50 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 June of 2023.
Services PMI in Sweden is expected to be 50.70 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 54.50 points in 2024 and 53.40 points in 2025, according to our econometric models.