Sweden Services PMI

Last Release

Mar 31, 2025

Actual

49.4

Units In

Points

50.5

Frequency

Monthly

Next Release

May 05, 2025

Time to Release

30 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
71.3 May 2021	34.4 Jan 2009	55.61 Points	2006-2025	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 49.4 in March 2025 from 50.5 in February, marking the first contraction since September 2024. The downturn was driven by a sharp decline in new orders, as weaker demand weighed on business activity. Employment also dropped, with the sub-index falling to 47.8, reflecting cautious hiring amid economic uncertainty. On prices, input cost inflation remained elevated, with raw and input costs rising to 62.1, indicating persistent cost pressures. However, output prices rose at a slower pace, declining to 52.4, as businesses struggled to pass higher costs onto customers. Despite the contraction, business volume expectations remained resilient at 58.7, indicating firms anticipate future demand recovery. Nonetheless, Swedbank PMI analyst Jörgen Kennemar warned the decline could signal a more prolonged slowdown in the services sector if demand does not improve.