FOREX TradingCharts.com

Financial News: Sweden Services Growth Rebounds In October

Sweden Services Growth Rebounds In October

11/03/2022 - 04:24:00 (RTTNews)

(RTTNews) - Sweden's service sector growth improved in October after easing to a 26-month low in September, survey data from Swedbank and the logistics association Silf showed on Thursday.

The purchasing managers' index for the services sector rose to 56.9 in October from 55.1 in September. A reading above 50 indicates expansion in the sector.

"It is a surprisingly strong figure, not least for employment, but the trend in the service economy is downward and the risk has rather increased because we will see a weaker development in the future due to the decline in industry and the shrinking purchasing power of households," Swedbank analyst Jorgen Kennemar said.

Among components, the employment index logged the largest positive contribution to the increase in PMI services, followed by orders, business volume and delivery times.

Meanwhile, the index for production plans retreated for the fourth month in a row to a new annual low of 55.9.

Swedish service providers faced continued cost pressures in October, with the index for suppliers' input prices rising to 82.0 from 81.6 in September.

The composite PMI, which combines manufacturing and services, improved to 54.0 in October from 53.3 in the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


South Korea Retail Sales Dip 0.2% In October (24 min(s), 26 sec(s) ago)
(RTTNews) - The value of retail sales in South Korea was down a seasonally adjusted 0.2 percent on ...Full Story»

South Korea Industrial Production Sinks 3.5% In October (31 min(s), 26 sec(s) ago)
(RTTNews) - Industrial output in South Korea was down a seasonally adjusted 3.5 percent on month i ...Full Story»

China Manufacturing PMI Data Due On Wednesday (01 hr(s), 16 min(s), 26 sec(s) ago)
(RTTNews) - China's National Bureau of Statistics will on Wednesday release November results f ...Full Story»

New Zealand Building Permits Tumble 10.7% In October (01 hr(s), 54 min(s), 26 sec(s) ago)
(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjus ...Full Story»

U.S. Consumer Confidence Edges Lower In November (07 hr(s), 44 min(s), 26 sec(s) ago)
(RTTNews) - Citing a recent increase in gas prices, the Conference Board released a report on Tues ...Full Story»

Turkish Trade Deficit Widens In October (08 hr(s), 40 min(s), 26 sec(s) ago)
(RTTNews) - Turkey's trade deficit widened in October from the previous year, as imports rose ...Full Story»

Slovakia Economic Confidence Lowest In 20 Months (08 hr(s), 43 min(s), 26 sec(s) ago)
(RTTNews) - Slovakia's economic sentiment weakened to the lowest since March last year, data f ...Full Story»

Brazil PPI Inflation Lowest Since June 2020 (09 hr(s), 0 min(s),26 sec(s) ago)
(RTTNews) - Brazil's producer price inflation eased further in October to the lowest level in ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

South Korea Retail Sales Dip 0.2% In October

11/29/2022 - 18:22 PM (RTTNews)
(RTTNews) - The value of retail sales in South Korea was down a seasonally adjusted 0.2 percent on ...Full Story>>

South Korea Industrial Production Sinks 3.5% In October

11/29/2022 - 18:15 PM (RTTNews)
(RTTNews) - Industrial output in South Korea was down a seasonally adjusted 3.5 percent on month i ...Full Story>>

China Manufacturing PMI Data Due On Wednesday

11/29/2022 - 17:30 PM (RTTNews)
(RTTNews) - China's National Bureau of Statistics will on Wednesday release November results f ...Full Story>>

New Zealand Building Permits Tumble 10.7% In October

11/29/2022 - 16:52 PM (RTTNews)
(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjus ...Full Story>>

U.S. Consumer Confidence Edges Lower In November

11/29/2022 - 11:02 AM (RTTNews)
(RTTNews) - Citing a recent increase in gas prices, the Conference Board released a report on Tues ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.