The Services PMI in Sweden fell sharply to 48.3 in February 2026 from January’s 53.8, marking the first contraction in seven months and the largest since July 2025. The decline reflects a broad slowdown in the sector, as international uncertainties and regional tensions weighed on business activity. New orders (47.2 vs 54.5 in January) and business volumes contributed most to the drop, both falling below 50 for the first time in ten months. Firms reported weaker production plans, at 44.3, the lowest since 2020, and hiring intentions remained subdued (48.5 vs 49.6) for five months. Prices continued to rise, though at a slower pace (58.0 vs 59.9) and supplier delivery times remained elevated at 55.2. “It is a surprisingly large decline after last year’s strong upswing. It is too early to say whether this is temporary or lasting, but uncertainty for both the Swedish and global economy has increased after Israel’s and the US’s attacks on Iran,” said Jörgen Kennemar, Swedbank’s PMI analyst. source: Swedbank
Services PMI in Sweden decreased to 48.30 points in February from 53.80 points in January of 2026. Services PMI in Sweden averaged 55.56 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 decreased to 48.30 points in February from 53.80 points in January of 2026. Services PMI in Sweden is expected to be 53.40 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 53.60 points in 2027 and 53.40 points in 2028, according to our econometric models.