瑞典的服务业采购经理人指数从2月份的50.5降至2025年3月的49.4，这是自2024年9月以来的首次收缩。由于需求疲软对商业活动造成压力，新订单急剧下降，推动了经济衰退。就业人数也有所下降，分项指数降至47.8，反映出经济不确定性下的谨慎招聘。在价格方面，投入成本通胀仍然居高不下，原材料和投入成本上升至62.1，表明成本压力持续存在。然而，由于企业难以将更高的成本转嫁给客户，产出价格上涨速度较慢，降至52.4。尽管出现收缩，但业务量预期仍保持在58.7的弹性，表明企业预计未来需求将复苏。尽管如此，瑞典银行PMI分析师Jörgen Kennemar警告称，如果需求没有改善，这一下降可能预示着服务业将出现更长时间的放缓。

The Services PMI in Sweden fell to 49.4 in March 2025 from 50.5 in February, marking the first contraction since September 2024. The downturn was driven by a sharp decline in new orders, as weaker demand weighed on business activity. Employment also dropped, with the sub-index falling to 47.8, reflecting cautious hiring amid economic uncertainty. On prices, input cost inflation remained elevated, with raw and input costs rising to 62.1, indicating persistent cost pressures. However, output prices rose at a slower pace, declining to 52.4, as businesses struggled to pass higher costs onto customers. Despite the contraction, business volume expectations remained resilient at 58.7, indicating firms anticipate future demand recovery. Nonetheless, Swedbank PMI analyst Jörgen Kennemar warned the decline could signal a more prolonged slowdown in the services sector if demand does not improve.