Suède PMI Services

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.