The services PMI in Sweden eased to 64.7 in August of 2021 from 69.1 in the previous month. The reading pointed to the slowest growth in service sector since March 2021, although the index was above the 60 level for the eighth month in a row and well above the historical average of 55.8. Order intake (down 7.8 points to 62.8) and business volume (down 7.9 points to 62) contributed the most to the decline . The sub-index for employment was broadly unchanged at 57.6 in August, while that for delivery times increased (up 1.7 points to 78.3) and made a positive contribution. Also, the index for suppliers' input goods prices remained at historically high levels even though the index slowed in August to 75.7 from 80.7 in July. source: Swedbank
Services PMI in Sweden averaged 55.81 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 September of 2021.
Services PMI in Sweden is expected to be 63.40 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.