Sweden Services PMI

Last Release

May 31, 2025

Actual

50.8

Units In

Points

48.7

Frequency

Monthly

Next Release

Jul 03, 2025

Time to Release

26 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
71.3 May 2021	34.4 Jan 2009	55.56 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

Sweden’s Services PMI rose to 50.8 in May 2025 from a downwardly revised 48.7 in April, signaling a modest return to expansion after two months of contraction. The improvement was largely driven by a strong rebound in new orders, which saw their biggest monthly gain since October 2024, rising to 51.5. However, overall business activity remained subdued, with the output index falling for a third straight month to 46.9, while employment edged up to 47.7 but stayed below the growth threshold. Also, delivery times continued to lengthen for a twelfth month, pointing to persistent logistical challenges. On prices, input cost pressures eased, as the index fell to 51.4—its lowest level since October—amid currency strength and weaker supplier price hikes. Meanwhile, Swedbank analyst Jörgen Kennemar noted signs of stabilization but stressed that stronger global and domestic demand is needed for a sustained recovery.