Service Sector Growth Surges in June with PMI Reaching 54.6

Purchasing Managers' Index for the service sector rose in June to 54.6 according to Swedbank and Silf.

» Published: July 03 2025 at 08:32

Service Sector Growth Surges in June with PMI Reaching 54.6
Photo: Helena Landstedt/TT

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It can be compared to a revised index level of 50.9 in May.

The June figure is the highest index level since the end of 2022.

"A surprisingly strong outcome that breaks from the previous pattern where the index has fluctuated around the 50-level since the beginning of 2025. But to assess whether it is a trend break or not, more data is required on how the service economy develops over the next few months", says Jörgen Kennemar, responsible for the analysis of the purchasing managers' index, in a press release.

Earlier in the week, the purchasing managers' index for the industry showed a slowdown. The index fell from revised 53.1 in May to 51.9 in June,

An index value above 50 indicates increased activity in the sector.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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