The services PMI in Sweden stood at 68.2 in May of 2022, unchanged from an upwardly revised figure in the previous month, pointing to the strongest growth in the sector in three months, with sub-index for employment rising (66.1 vs 62.1). Meanwhile the other sub-indices in PMI services declined.: business volume (63.4 vs 65.0), new orders (61.8 vs 62.4), and delivery times (87.6 vs 88.1). " Cost increases and rising delivery times have not prevented the service sector from expanding, although the downside risks have increased now that households' consumption space is limited due to high inflation while the real estate market faces increased challenges due to higher future interest rates,' said Jörgen Kennemar, who is responsible for PMI analysis at Swedbank. source: Swedbank
Services PMI in Sweden averaged 56.34 points from 2006 until 2022, reaching an all time high of 71.40 points in May of 2021 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 June of 2022.
Services PMI in Sweden is expected to be 55.70 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 54.00 points in 2023 and 55.00 points in 2024, according to our econometric models.