In April 2025, Sweden’s Services PMI declined to 48.4, down from a slightly revised 49.3 in March, signaling a continued contraction in the services industry. This marks the second consecutive month that the index has fallen below the pivotal 50-point line, illustrating a contraction rather than growth, and represents the lowest level observed since September 2023. Swedbank economist Jörgen Kennemar commented, “The recovery in the Swedish services sector has stalled this spring.” He highlighted that many service businesses are hesitant to hire new employees and are starting to reduce their production plans.
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