The Swedish Services PMI fell to a seasonally adjusted 56.4.2 in December 2018 from a downwardly revised 61.1 in the previous month. Decreases in sub-index were seen in new orders (record 56.5 vs 63.3 in November); business volume (57.0 vs 65.2); suppliers' delivery times (55.0 vs 56.0). Also, employment growth slowed to lowest since March (56.6 vs 57.3). Looking ahead, the sub-index measuring output expectations edged down to 67.6 in December from 67.7 in the previous month. Services Pmi in Sweden averaged 55.89 Index Points from 2006 until 2018, reaching an all time high of 67.50 Index Points in December of 2006 and a record low of 34.30 Index Points in January of 2009.

Services Pmi in Sweden is expected to be 56.20 Index 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 55.90 in 12 months time. In the long-term, the Sweden Services PMI is projected to trend around 55.50 Index Points in 2020, according to our econometric models.

Sweden Services PMI
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Sweden Business Last Previous Highest Lowest Unit
Business Confidence 104.10 104.60 119.10 65.80 Index Points [+]
Manufacturing PMI 52.00 55.40 70.40 34.00 [+]
Services Pmi 56.40 61.10 67.50 34.30 Index Points [+]
Industrial Production 3.40 4.90 14.10 -23.80 percent [+]
Industrial Production Mom -0.40 2.70 8.80 -7.90 percent [+]
Manufacturing Production 3.60 5.20 19.20 -23.70 percent [+]
Capacity Utilization 91.00 90.80 91.20 76.00 percent [+]
New Orders 111.60 116.30 133.80 73.00 Index Points [+]
Changes in Inventories 15748.00 10593.00 34961.00 -26723.00 SEK Million [+]
Bankruptcies 749.00 672.00 2148.00 276.00 Companies [+]
Car Registrations 23414.00 26357.00 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 -0.90 -5.00 104.90 -49.80 percent [+]
Steel Production 313.58 375.15 564.00 11.00 Thousand Tonnes [+]
Competitiveness Index 81.66 81.58 81.66 5.40 Points [+]
Competitiveness Rank 9.00 9.00 10.00 2.00 [+]
Business Inventories -4897.26 2918.39 18820.86 -15697.46 SEK Million [+]
Ease of Doing Business 12.00 10.00 18.00 9.00 [+]
Electricity Production 12930.00 10769.00 16434.00 8753.00 Gigawatt-hour [+]
Corruption Index 84.00 88.00 95.00 84.00 Points [+]
Corruption Rank 6.00 4.00 6.00 1.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
56.40 61.10 67.50 34.30 2006 - 2018 Index Points Monthly
SA




Country Last Previous
Australia 52.10 Dec/18
Brazil 51.90 Dec/18
China 53.90 Dec/18
Euro Area 51.20 Dec/18
France 49.00 Dec/18
Germany 51.80 Dec/18
India 53.20 Dec/18
Italy 50.50 Dec/18
Japan 51.00 Dec/18
Russia 54.40 Dec/18
Spain 54.00 Dec/18
United Kingdom 51.20 Dec/18
United States 54.40 Dec/18


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