Sweden’s services sector cooled in October 2026, with the Services Purchasing Managers’ Index (PMI) slipping to 55.7 from 57.3 in September, according to data updated on 4 November 2026. Despite the decline, the indicator remains comfortably above the 50-point threshold that separates expansion from contraction, suggesting the sector continues to grow but at a more moderate pace.
On a month-over-month basis, October’s reading reflects a loss of momentum compared with September 2026, when the PMI reached 57.3. The current figure indicates that while demand and activity in services are still robust, the pace of improvement has slowed relative to the previous month’s performance. Investors and policymakers will be watching upcoming releases closely to determine whether this marks the beginning of a broader deceleration or a temporary pause after stronger gains earlier in the year.