Sweden's Silf/Swedbank Services PMI is an indicator of business cycles in the Swedish economy, calculated on the basis of a monthly survey of purchasing managers working in service sector companies. Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities.
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.
