FX.co ★ Sweden's Services PMI Rises to 53.9 in March 2024

In March 2024, Sweden's Services Purchasing Managers' Index (PMI) showed a significant improvement, reaching 53.9 compared to the previous indicator of 51.2 in February 2024. This positive change indicates a growing expansion in the services sector. The data was updated on 4th April 2024, reflecting a month-over-month comparison. The Services PMI is a key economic indicator that provides insight into the economic health of a country's service sector, with a reading above 50 indicating expansion. Sweden's rise in Services PMI suggests increased activity and optimism in the service industry, contributing to the country's economic growth.