Sweden Services PMI

Last Release

Jan 31, 2026

Actual

54.3

Units In

Points

56.3

Frequency

Monthly

Next Release

Mar 05, 2026

Time to Release

27 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
71.3 May 2021	34.4 Jan 2009	55.54 Points	2006-2026	Swedbank

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.

Latest Updates

The Services PMI in Sweden fell to 54.3 in January 2026 from a downwardly revised 56.3 in the previous month. This marked the softest pace of growth since August 2025 and brought the index below its historical average of 55.6. All major sub-indices declined, led by new orders, which dropped to 55.2 from 59.5 in December, reaching a six-month low. The business volume index (56.1 vs 56.6), employment index (49.7 vs 49.8), and delivery times index (55.2 vs 56.5) also fell. Additionally, price pressures in the services sector intensified, with the index for raw and intermediate goods prices rising to 60.1, the highest level in a year, from 59.5 in December. Jörgen Kennemar, responsible for PMI analysis, said, “It is too early to determine whether it is a temporary slump or not. Companies are still optimistic in their business plans, which suggests that it is a temporary slowdown."