FOREX TradingCharts.com

Financial News: Sweden Services Growth Strongest In Over 2 Years

Sweden Services Growth Strongest In Over 2 Years

04/04/2024 - 04:26:00 (RTTNews)

(RTTNews) - Sweden's service sector activity expanded at the fastest pace in more than two years in March, survey results from Swedbank and the logistics association Silf showed on Thursday.

The purchasing managers' index, or PMI, for the services sector rose to 53.9 in March from 51.2 in February. A score above 50 indicates expansion in the sector.

The order intake index accounted for the largest positive contribution to the monthly increase in services PMI, followed by employment, business volume, and delivery times.

"There are increasingly positive tones in the service economy of the country's larger service companies, and their business plans have become more expansive," Swedbank analyst Jorgen Kennemar said.

Data showed that the index for commodity and input prices retreated to 60.8 in March from 61.4 in February. Nonetheless, price pressures in the Swedish service economy remained high.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Sweden Economic Confidence Strongest In 20 Months (46 min(s), 21 sec(s) ago)
(RTTNews) - Sweden's economic confidence improved in April to the highest level in more than o ...Full Story»

Sweden Producer Prices Fall Further (01 hr(s), 27 min(s), 21 sec(s) ago)
(RTTNews) - Sweden's producer prices declined for the eleventh straight month amid a continued ...Full Story»

German Consumer Sentiment To Rise In May (01 hr(s), 46 min(s), 21 sec(s) ago)
(RTTNews) - German consumer confidence is set to rise again in May, survey conducted by the market ...Full Story»

Norway Jobless Rate Rises To 4.0% (02 hr(s), 07 min(s), 21 sec(s) ago)
(RTTNews) - Norway's unemployment rate increased in March after falling in the previous month, ...Full Story»

Japan Leading Index Unrevised At 18-Month High (02 hr(s), 29 min(s), 21 sec(s) ago)
(RTTNews) - Japan's leading index improved to the highest level in one-and-a-half years as ini ...Full Story»

German Export Expectations Fall For First Time In 3 Months - Ifo (02 hr(s), 42 min(s), 21 sec(s) ago)
(RTTNews) - Sentiment among Germany's exporters weakened in April after a strong rebound in th ...Full Story»

European Economic News Preview: German Consumer Confidence Data Due (03 hr(s), 32 min(s), 21 sec(s) ago)
(RTTNews) - Consumer sentiment survey data from Germany is the top economic news due on Thursday, ...Full Story»

South Korea Q1 GDP Climbs 1.3% (42 min(s), 39 sec(s) ago)
(RTTNews) - South Korea's gross domestic product was up a seasonally adjusted 1.3 percent on q ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Sweden Economic Confidence Strongest In 20 Months

04/25/2024 - 04:19 AM (RTTNews)
(RTTNews) - Sweden's economic confidence improved in April to the highest level in more than o ...Full Story>>

Sweden Producer Prices Fall Further

04/25/2024 - 03:38 AM (RTTNews)
(RTTNews) - Sweden's producer prices declined for the eleventh straight month amid a continued ...Full Story>>

German Consumer Sentiment To Rise In May

04/25/2024 - 03:19 AM (RTTNews)
(RTTNews) - German consumer confidence is set to rise again in May, survey conducted by the market ...Full Story>>

Norway Jobless Rate Rises To 4.0%

04/25/2024 - 02:58 AM (RTTNews)
(RTTNews) - Norway's unemployment rate increased in March after falling in the previous month, ...Full Story>>

Japan Leading Index Unrevised At 18-Month High

04/25/2024 - 02:36 AM (RTTNews)
(RTTNews) - Japan's leading index improved to the highest level in one-and-a-half years as ini ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.