斯德哥尔摩指数跌至13个月低点2353.00点。在过去的4周里，瑞典股市指数（斯德哥尔摩30指数）下跌了13.57%，在过去的12个月里，下跌了6%。

Stockholm decreased to a 13-month low of 2353.00 Index Points. Over the past 4 weeks, Sweden Stock Market Index (Stockholm 30) lost 13.57%, and in the last 12 months, it decreased 6%.

根据初步估计，瑞典的年通货膨胀率从2月份的1.3%降至2025年3月的0.5%，低于预期的0.8%。这是自2020年12月以来的最低水平，也是连续第八个通胀率低于瑞典央行2%目标的时期。按月计算，消费者价格指数下跌0.7%，这是自去年8月以来的首次下跌，超过了预期的0.4%的跌幅，扭转了2月份0.6%的涨幅。与此同时，固定利率的CPI（瑞典央行的目标指标）从上一时期的一年高点2.9%降至3月份的2.3%，低于市场预期的2.6%。与2月份相比，CPIF下降了0.5%，这是自2024年8月以来的首次下降，超过了预期的0.2%的跌幅，扭转了一个月前0.9%的涨幅。

Sweden’s annual inflation rate decelerated to 0.5% in March 2025 from 1.3% in February and below the expected 0.8%, according to preliminary estimates. This marks the lowest reading since December 2020 and the eighth consecutive period with inflation below the Riksbank’s 2% target. On a monthly basis, consumer prices fell 0.7%, the first decline since last August, exceeding the expected 0.4% drop and reversing a 0.6% gain in February. Meanwhile, the CPI with a fixed interest rate (the Riksbank’s target measure), eased to 2.3% in March from a one-year high of 2.9% in the prior period, falling short of market expectations of 2.6%. Compared to February, the CPIF declined by 0.5%, the first drop since August 2024, exceeding the expected 0.2% decrease and reversing a 0.9% rise a month earlier.

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.

瑞典银行2025年3月的制造业采购经理人指数从2月的53.5升至53.6，为去年11月以来的最高水平。这一增长是由生产分项指数的改善推动的（2月份为59.2比54.6）。与此同时，库存（51.9比52.5）、订单量（53.6比54.6）和就业（53.1比54.4）继续扩张。然而，交货时间有所缩短（49比52.3），供应商原材料和投入价格指数从53.2攀升至57.2，为11个月来的最高水平。瑞典银行采购经理人指数分析师Jörgen Kennemar表示：“瑞典工业仍处于扩张阶段，关税上调和地缘政治不确定性迄今为止没有阻碍复苏。然而，由于美国对欧洲汽车行业的关税，风险有所增加。”。

The Swedbank Manufacturing PMI for Sweden rose to 53.6 in March 2025, up from 53.5 in February, marking the highest level since last November. This increase was driven by an improvement in the production sub-index (59.2 vs. 54.6 in February). Meanwhile, expansion continued for inventory stocks (51.9 vs. 52.5), order intake (53.6 vs. 54.6), and employment (53.1 vs. 54.4). However, delivery times contracted (49 vs. 52.3), and the index for suppliers' raw and input prices climbed to 57.2 from 53.2, the highest in eleven months. "Swedish industry remains in an expansionary phase, with tariff hikes and geopolitical uncertainty not hindering recovery so far. However, risks have increased due to US tariffs on the European automotive sector," says Jörgen Kennemar, Swedbank’s PMI analyst.