Sweden’s services sector rebounded sharply in March 2026, with the Services Purchasing Managers’ Index (PMI) rising to 55.7 from 48.7 in February, according to data updated on 7 April 2026. The move takes the index firmly back into expansion territory after having contracted in the previous month.
On a month-over-month basis, the latest reading signals a notable improvement in business conditions across Sweden’s service industries. In February 2026, the PMI had indicated a decline compared with January, but March’s acceleration points to strengthening activity as firms report better operating conditions.
The shift from 48.7 to 55.7 underscores a clear turnaround within just one month, suggesting that the weakness seen earlier in the year may have been temporary. The data indicate that, at least for March, momentum in Sweden’s services economy has improved compared with the previous month’s downturn.
