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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwedenSweden Services PMI fell to 48.3 in February 2026
FMPMonthlyReleased March 2026
Sweden Services PMI fell to 48.3 in February 2026, released March 2026, down 5.5 from January's 53.8 reading. The reading missed the 54 consensus by 5.7. Services PMI has now declined for 4 consecutive months. Over the past 3 months, Services PMI averaged 55.5, vs 57.4 in the prior 3-month window. Services PMI is now the lowest in 21 months.
Latest Release
48.3
Actual
54
Consensus
53.8
Previous
Median Absolute Error
±3.61
across last 12 releases
Last Call
Mar 2026
Predicted: 53.38
Actual: 48.3
Error: +5.08
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/SEK | ▼ Inverse | −0.33 | FOREX | Bearish USD | → View |
| XAU/USD | ▲ Direct | +0.29 | COMMODITIES | Bullish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Services PMI (Sweden) was reported at 48.30 in March 2026. This missed the market consensus of 54.00 by 5.70. The reading fell from the previous value of 53.80. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 54.21, ranging from 48.30 to 59.10 across 8 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 53.10, down from the prior three at 57.40. Volatility over the past year (σ 3.68) is higher than the prior year (σ 1.73). In March readings over the past 3 years, Services PMI has averaged 49.87.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SEK (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 3.61.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Riksbank Rate Decision (Jun 17) and Interest Rate Decision (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Services PMI - SE
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About Services PMI — Sweden
DEFINITION
Services PMI (Purchasing Managers' Index) is a key economic indicator that measures the performance of the services sector in a country. It provides valuable insights into the health of the economy by tracking changes in business activity, new orders, employment, and prices. A high Services PMI indicates a growing services sector, while a low PMI suggests a contraction. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the overall economic outlook.
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 (Feb 2026): actual 48.3, consensus 54. Prior reading (Jan 2026): 54.3. Before that (Dec 2025): 56.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.