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. Services Pmi in Sweden averaged 55.77 Index Points from 2006 until 2019, reaching an all time high of 67.20 Index Points in April of 2007 and a record low of 34.50 Index Points in January of 2009.

Services Pmi in Sweden is expected to be 54.40 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 55.40 in 12 months time. In the long-term, the Sweden Services PMI is projected to trend around 55.10 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 96.60 97.10 119.40 65.30 Index Points [+]
Manufacturing PMI 52.40 51.90 70.40 34.00 [+]
Services Pmi 54.10 52.50 67.20 34.50 Index Points [+]
Industrial Production 3.20 -1.10 14.10 -23.80 percent [+]
Industrial Production Mom 1.30 -1.00 8.80 -7.80 percent [+]
Manufacturing Production 3.10 -1.10 19.20 -23.70 percent [+]
Capacity Utilization 90.80 90.80 91.20 76.00 percent [+]
New Orders 91.00 118.10 133.80 73.00 Index Points [+]
Changes in Inventories 8870.00 27299.00 38556.00 -28628.00 SEK Million [+]
Bankruptcies 488.00 539.00 2148.00 276.00 Companies [+]
Car Registrations 30493.00 24951.00 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 5.10 0.30 104.90 -49.80 percent [+]
Steel Production 351.50 361.79 564.00 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 1762.96 11065.78 18820.86 -15697.46 SEK Million [+]
Ease of Doing Business 12.00 10.00 18.00 9.00 [+]
Electricity Production 12834.00 12753.00 16434.00 8753.00 Gigawatt-hour [+]
Corruption Index 85.00 84.00 95.00 84.00 Points [+]
Corruption Rank 3.00 6.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.10 52.50 67.20 34.50 2006 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19


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