The Services PMI increased to 52.9 in October 2024, from a downwardly revised 48.9 in the previous month. The largest contribution to the index's upturn came from new business volume (56.1 vs 47.2 in September), followed by new orders, (56.4 vs 50.2), and delivery times (52.3 vs 51.6). However, employment negatively impacted the index, falling to 43.4 from 46 in the prior period. Meanwhile, the index for raw and input prices rose to 50.7 from 48.3, marking the sixth consecutive month below its historical average of 58.1, and indicating continued price pressure from the service sector. source: Swedbank
Services PMI in Sweden increased to 52.90 points in October from 48.90 points in September of 2024. Services PMI in Sweden averaged 55.77 points from 2005 until 2024, 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 increased to 52.90 points in October from 48.90 points in September of 2024. Services PMI in Sweden is expected to be 51.50 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 53.40 points in 2025 and 54.00 points in 2026, according to our econometric models.