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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwedenSweden PMI Services climbed to 57.7 in October 2014
FMPMonthlyReleased November 2014
Sweden PMI Services climbed to 57.7 in October 2014, released November 2014, up 2.1 from September's 55.6 reading.
Latest Release
57.700000
Actual
—
Consensus
55.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/SEK | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| USD/SEK | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PMI Services (Sweden) was reported at 57.70 in November 2014. The reading rose from the previous value of 55.60.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 55.83, down from the prior three at 57.73.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/SEK (Bullish SEK). A secondary relationship exists with USD/SEK, negatively correlated (Bullish SEK).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (Aug 6) and CPI MoM (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update November 2014.
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PMI Services - SE
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About PMI Services — Sweden
DEFINITION
PMI Services, or Purchasing Managers' Index Services, is a widely recognized financial indicator that measures the economic activity in the services sector. It provides valuable insights into the health and growth of the services industry, which includes businesses such as healthcare, banking, and transportation. This indicator is based on a monthly survey of purchasing managers from various companies, and is used by investors, policymakers, and analysts to make informed decisions about the state of the economy. A reading above 50 indicates expansion in the services sector, while a reading below 50 suggests contraction. PMI Services is an important tool for understanding the overall economic landscape and predicting future trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2014): actual 57.7. Prior reading (Sep 2014): 55.6. Before that (Aug 2014): 54.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/SEK (Bullish SEK, r=-0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - SE Events
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | SE | Swedbank Manufacturing PMI | 58.3 | 57 | 57.85 | Low | |