Sweden's Services PMI increased to a seasonally adjusted 56.6 in August 2020 from an upwardly revised 55.0 in the previous month, pointing to the third straight month of expansion in the service sector, and the highest reading since November 2018, following the relaxed COVID-19 lockdown measures and restrictions. The all of sub-indices increased: new orders (58.6 vs 56.9 in July); employment (48.8 vs 46.9); business activity (60.5 vs 55.4); and the suppliers' delivery time (55.8 vs 59.3). Finally, the gauge for output expectations rose to 53.6 in August from 50.8 in July.
Services Pmi in Sweden averaged 55.33 points from 2006 until 2020, reaching an all time high of 67.20 points in April of 2007 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 2020. source: Swedbank
Services Pmi in Sweden is expected to be 54.00 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 52.00 in 12 months time. In the long-term, the Sweden Services PMI is projected to trend around 55.00 points in 2021 and 52.00 points in 2022, according to our econometric models.