Purchasing Managers’ Index – Services, June 2015
Services PMI fell to 54.9 in June: Slowing activity in the Swedish service sector
- The purchasing managers’ index for services (Services PMI) fell from 58.2 in May to 54.9 in June, mainly due to tepid growth in business volumes. The three other subindices also held back the Services PMI. The negative contributions from employment and suppliers’ delivery times were modest, however (-0.2 and -0.8 points, respectively).
- The sub-index for new orders declined by 2.9 points to 56.8 in June. During the second quarter momentum for new orders slowed slightly compared with the first quarter of 2015. The index for order backlogs also fell, dropping below the 50 mark for the first time since 2013.
- The sub-index for business volumes, which fell to 55.5 in June from 60.5 in the previous month, contributed negatively by 1.3 points to the Services PMI. In the wake of the lower production rate and weaker orders, the index for planned business volumes and sub-index for employment fell. The index for planned business volumes registered 62.7 and the sub-index for employment was 53.1 in June.
- The index for suppliers’ intermediate goods retreated by 0.6 points, from 57.7 to 57.1 in June. For nearly a year the index has stayed in the growth zone, indicating that prices have risen.
PMI-Services, June 2015