The Services PMI in Sweden rose to 53.9 in May 2026 from 52.6 in April, but remained below its historical average of 55.6 for a second month. The new orders sub-index contributed the most to the improvement, rising to 53.6 from 50.6 in April. The delivery times index rose for the fourth straight month to its highest level in four years (65.7 vs 63.1), while the employment index also increased (49.1 vs 47.5) but remained in negative territory. Meanwhile, the business volume index declined (48.8 vs 51.2). Cost pressures also intensified, with the raw and intermediate goods price index climbing to 80.1 from 73.4, its highest level since 2022 and well above the historical average of 58.2. Swedbank PMI analyst Jörgen Kennemar noted that the recovery in the sector is slow and fragile, adding that despite the index being in the growth zone, activity levels may still be too weak to support meaningful job creation. source: Swedbank

Services PMI in Sweden increased to 53.90 points in May from 52.60 points in April of 2026. Services PMI in Sweden averaged 55.55 points from 2005 until 2026, reaching an all time high of 71.40 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.

Services PMI in Sweden increased to 53.90 points in May from 52.60 points in April of 2026. Services PMI in Sweden is expected to be 52.60 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 53.60 points in 2027 and 53.40 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 874.00 1023.00 Companies Apr 2026
Business Confidence 103.30 103.50 points May 2026
Industrial Inventories 11670.44 -5015.86 SEK Million Mar 2026
Car Registrations 24147.00 26578.00 Units Apr 2026
Changes in Inventories 31592.00 -32098.00 SEK Million Mar 2026
Corruption Index 80.00 80.00 Points Dec 2025
Corruption Rank 6.00 8.00 Dec 2025
Electricity Production 15523.74 16294.80 Gigawatt-hour Mar 2026
Industrial Production YoY 3.00 6.20 percent Mar 2026
Industrial Production MoM -2.00 3.80 percent Mar 2026
Manufacturing Production 3.50 6.40 percent Mar 2026
Mining Production -6.80 6.10 percent Mar 2026
Natural Gas Stocks Capacity 0.08 0.08 TWh Jun 2026
Natural Gas Stocks Injection 0.00 0.00 GWh/d Jun 2026
Natural Gas Stocks Inventory 0.01 0.01 TWh Jun 2026
Natural Gas Stocks Withdrawal 0.00 0.00 GWh/d Jun 2026
New Orders YoY 111.60 95.60 points Mar 2026


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.

News Stream
Sweden Services Sector Growth Picks Up in May
The Services PMI in Sweden rose to 53.9 in May 2026 from 52.6 in April, but remained below its historical average of 55.6 for a second month. The new orders sub-index contributed the most to the improvement, rising to 53.6 from 50.6 in April. The delivery times index rose for the fourth straight month to its highest level in four years (65.7 vs 63.1), while the employment index also increased (49.1 vs 47.5) but remained in negative territory. Meanwhile, the business volume index declined (48.8 vs 51.2). Cost pressures also intensified, with the raw and intermediate goods price index climbing to 80.1 from 73.4, its highest level since 2022 and well above the historical average of 58.2. Swedbank PMI analyst Jörgen Kennemar noted that the recovery in the sector is slow and fragile, adding that despite the index being in the growth zone, activity levels may still be too weak to support meaningful job creation.
2026-06-03
Sweden Services Sector Growth Slows
The Services PMI in Sweden fell to 52.5 in April 2026, back below its historical average of 55.6 and following an upwardly revised 55.9 in March, which marked the highest level since December 2025. The largest negative contribution came from new orders, with the sub-index dropping to 50.6 from 58.1. The business volume index (51.6 vs 54.8 in March) also declined, while the employment index remained in negative territory (47.3 vs 49.2). The delivery times index increased (62.2 vs 60.2), reaching a four-year high and reflecting growing supply chain disruptions. Moreover, the index for raw and intermediate goods prices rose to an over three-year high of 72.1 (vs 68.7), well above its historical average of 58.1. “The recovery in the services sector is losing momentum. An uncertain global situation and rising costs due to developments in the Middle East mean increased challenges for the services sector and the Swedish labor market,” said Jörgen Kennemar, Swedbank’s PMI analyst.
2026-05-06
Sweden Services PMI Jumps Back Above 50
The Services PMI in Sweden jumped to 55.7 in March 2026 from February’s 48.7, returning to expansion territory after a brief contraction. The rebound was driven mainly by strong recoveries in new orders (57.8 vs 47.5 in February) and business volumes (54.9 vs 44.7), both rising back above the 50 threshold. However, the broader trend suggests some loss of momentum, with the first-quarter average below the previous quarter. Employment remained a weak spot, staying below 50 for a sixth straight month (49.3 vs 48.8), indicating continued caution in hiring. Meanwhile, cost pressures intensified, with input prices rising to 67.8, the highest since August 2023, alongside longer supplier delivery times (59.7 vs 56.0). The Composite PMI also improved to 55.9 from 50.8, signaling stronger overall business activity. “The recovery regained pace in March after a weak February, but downside risks remain as long as the Middle East conflict persists,” said Jörgen Kennemar, Swedbank’s PMI analyst.
2026-04-07