FOREX TradingCharts.com

Financial News: Sweden Service Sector Expands At Slower Pace In

Sweden Service Sector Expands At Slower Pace In September

10/05/2020 - 08:28:00 (RTTNews)

(RTTNews) - Sweden's services sector activity expanded at a softer pace in September, survey data from Swedbank and the logistics association SILF showed on Monday.

The Purchasing Managers' Index for the services sector decreased to 54.7 in September from revised 57.3 in August. Any reading above 50 indicates expansion in the sector.

"Individual monthly outcomes should be interpreted with caution, but the trend in PMI services is continuing upwards and goes a bit against what we have seen in the eurozone where the purchasing managers 'index has fallen in recent months," Swedbank analyst Jorgen Kennemar said.

The largest negative contribution came from business volume and employment, where the sub-index for employment reached the lowest since April. Order intake declined in September, while delivery time lengthened.

Companies' business plan for the next six months were more expensive in September, though far from as expensive as before the Covid-19 pandemic.

The composite PMI, which combines manufacturing and services, fell to 54.9 in September from a revised 56.3 in the previous month.

"The Swedish business community showed a robust recovery during the third quarter, even though development slowed down at the end," Kennemar said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB's Lagarde Says Data Suggest Significant Softening In Economic Activity In Q4 (03 hr(s), 09 min(s), 16 sec(s) ago)
(RTTNews) - European Central Bank President Christine Lagarde on Thursday hinted at a move by the ...Full Story»

U.S. Pending Home Sales Unexpectedly Pull Back Off Record High In September (05 hr(s), 49 min(s), 16 sec(s) ago)
(RTTNews) - Pending home sales unexpectedly pulled back off a record high in the month of Septembe ...Full Story»

ECB Signals December Move (06 hr(s), 16 min(s), 16 sec(s) ago)
(RTTNews) - European Central Bank left its key interest rates and massive stimulus unchanged on Th ...Full Story»

U.S. GDP Rebounds More Than Expected In The Third Quarter (06 hr(s), 35 min(s), 16 sec(s) ago)
(RTTNews) - After reporting a record contraction in U.S. economic activity in the previous quarter ...Full Story»

Germany Consumer Prices Fall For Second Month (06 hr(s), 51 min(s), 16 sec(s) ago)
(RTTNews) - Germany's consumer prices declined for the second straight month in October largel ...Full Story»

U.S. Weekly Jobless Claims Drop To Lowest Level Since March (06 hr(s), 53 min(s), 16 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits fell to their lowest level since befo ...Full Story»

U.S. GDP Shows Substantial Rebound In The Third Quarter (07 hr(s), 33 min(s), 16 sec(s) ago)
(RTTNews) - After reporting a record contraction in U.S. economic activity in the previous quarter ...Full Story»

U.S. Weekly Jobless Claims Drop More Than Expected (07 hr(s), 38 min(s), 16 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits fell to their lowest level since befo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB's Lagarde Says Data Suggest Significant Softening In Economic Activity In Q4

10/29/2020 - 13:09 PM (RTTNews)
(RTTNews) - European Central Bank President Christine Lagarde on Thursday hinted at a move by the ...Full Story>>

U.S. Pending Home Sales Unexpectedly Pull Back Off Record High In September

10/29/2020 - 10:29 AM (RTTNews)
(RTTNews) - Pending home sales unexpectedly pulled back off a record high in the month of Septembe ...Full Story>>

ECB Signals December Move

10/29/2020 - 10:02 AM (RTTNews)
(RTTNews) - European Central Bank left its key interest rates and massive stimulus unchanged on Th ...Full Story>>

U.S. GDP Rebounds More Than Expected In The Third Quarter

10/29/2020 - 09:43 AM (RTTNews)
(RTTNews) - After reporting a record contraction in U.S. economic activity in the previous quarter ...Full Story>>

Germany Consumer Prices Fall For Second Month

10/29/2020 - 09:27 AM (RTTNews)
(RTTNews) - Germany's consumer prices declined for the second straight month in October largel ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.