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Financial News: Sweden Services Growth Eases In September

Sweden Services Growth Eases In September

10/03/2018 - 03:46:00 (RTTNews)

(RTTNews) - Sweden's service sector activity continued to expand strongly in September, though at a slower pace than in the prior two months, survey data from Swedbank and the logistics association SILF showed Wednesday.

The purchasing managers' index for the services sector dropped to 56.6 in September from 57.1 in August.

However, any reading above 50 indicates expansion in the sector.

All share indices in PMI services contributed to the September decline, except for the business volume.

The component index for new orders slid to 55.1 in September from 55.8 in the preceding month.

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