Silf/Swedbank Sweden Services Purchasing Managers Index (PMI)

Country:
Sweden
SEK, Swedish krona
Source:
Sector:
Business
Medium 61.3 61.2
62.5
Last release Importance Actual Forecast
Previous
62.1
61.3
Next release Actual Forecast
Previous
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Sweden's Silf/Swedbank Services Purchasing Managers Index (PMI) is an indicator of business cycles in the Swedish economy, calculated by Swedbank in corporation with Silf, on the basis of a monthly survey of purchasing managers working in service sector companies. The index enables a quick evaluation of the country's economy state. It is published on the third banking day of every month, at 08:30.

Every month, a questionnaire is sent to about 200 purchasing managers employed in the service sector. The managers are asked to evaluate the state of a specific activity in their company: whether it has increased, decreased or has not changed. The respondents evaluate orders, production, employment, delivery times and inventories in warehouses.

The index value is calculated as a sum of the percentage of respondents reporting an increase and half of responses reporting no change. Values more than 50 indicate an economic growth, while values less than 50 indicate a decline.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Purchasing managers are among the first to notice such changes. PMI is interpreted as a leading indicator of production and inflation, and it is therefore popular with analysts. The growth of the services PMI is an indicator of favorable market conditions and can be seen as positive for the krona.

Last values:

actual data

forecast

The chart of the entire available history of the "Silf/Swedbank Sweden Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2021
61.3
61.2
62.5
Feb 2021
62.7
58.0
59.6
Jan 2021
59.3
57.6
56.9
Dec 2020
56.6
56.9
58.3
Nov 2020
58.6
62.3
55.3
Oct 2020
55.0
47.2
54.7
Sep 2020
54.7
49.1
57.3
Aug 2020
56.6
47.3
55.0
Jul 2020
54.8
43.1
50.9
Jun 2020
49.2
36.9
41.6
May 2020
40.9
45.5
39.0
Apr 2020
39.0
51.3
46.1
Mar 2020
46.9
51.5
56.4
Feb 2020
56.7
48.6
53.2
Jan 2020
52.5
49.1
Dec 2019
48.7
47.9
Nov 2019
47.9
49.4
Oct 2019
49.5
49.8
Sep 2019
49.8
54.2
Aug 2019
54.1
52.3
Jul 2019
52.3
49.9
Jun 2019
49.9
53.3
May 2019
53.3
53.9
Apr 2019
54.0
55.1
Mar 2019
55.3
55.8
Feb 2019
55.9
54.1
Jan 2019
54.1
55.8
Dec 2018
56.4
61.1
Nov 2018
62.2
56.4
Oct 2018
56.3
56.6
Sep 2018
56.6
57.1
Aug 2018
57.1
59.0
Jul 2018
59.1
59.8
Jun 2018
59.8
57.0
May 2018
57.0
60.1
Apr 2018
60.1
59.2
Mar 2018
59.2
59.0
Feb 2018
59.0
61.3
Jan 2018
61.3
64.6
Dec 2017
64.6
61.9
Nov 2017
61.8
61.4
Oct 2017
61.4
63.8
Sep 2017
63.8
55.5
Aug 2017
55.4
59.0
Jul 2017
59.0
57.3
Jun 2017
57.3
57.9
May 2017
57.9
60.3
Apr 2017
60.3
61.3
Mar 2017
61.3
59.8
Feb 2017
59.8
61.1

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