actual 50.1, previous 51.2
The event is the Services PMI (Purchasing Managers' Index) for Sweden in January 2025. The actual value reported is 50.1, which is a decrease of 1.1 points from the previous value of 51.2. The estimated value was 51.2, so the actual value fell short of expectations.
This event is considered to have a low impact on the market, as indicated by the impact level. The Services PMI is a key economic indicator that measures the business activity and sentiment in the services sector. A value above 50 indicates expansion, while a value below 50 indicates contraction.
In this case, the Services PMI for Sweden decreased slightly, suggesting a slight slowdown in the services sector in January compared to the previous month. This could potentially have implications for the overall economic performance of Sweden.