Sweden’s services sector lost some momentum in July 2026, with the Services Purchasing Managers’ Index (PMI) slipping to 54.2 from 56.5 in June, according to data updated on 5 August 2026. Despite the decline, the indicator remains comfortably above the 50-point threshold that separates expansion from contraction, pointing to continued growth in the country’s services industry.
On a month-over-month basis, the latest reading indicates that while activity in services is still expanding, the pace has moderated compared with June 2026. The previous month’s PMI of 56.5 had marked a stronger comparison versus the month before it, highlighting that July’s data represents a cooling from that earlier acceleration rather than a reversal of trend.
The July figure suggests Swedish service providers are navigating a period of softer, but still positive, business conditions midway through 2026. Markets and analysts will now watch subsequent releases to gauge whether this slowdown is temporary or the start of a more sustained easing in services-sector growth.
