FOREX TradingCharts.com

Financial News: Sweden Services Sector Contraction Slows In December

Sweden Services Sector Contraction Slows In December

01/07/2020 - 06:09:00 (RTTNews)

(RTTNews) - Sweden's services sector contraction slowed for the first time in four months in December, survey data from Swedbank and the logistics association SILF showed on Tuesday.

The services purchasing managers' index, or PMI, rose to 48.7 in December from 47.9 in November. Any reading below 50 indicates expansion in the sector.

The latest increase in the reading was the first since August.

"Four months in a row outside the growth zone, however, indicates continued weak activity in the service sector, but bright points are not less in the business plans of companies that are still expansive, although the risks on the downside are large," Swedbank analyst Jorgen Kennemar said.

Employment sub-indices accounted for the largest positive contribution in the services sector in December, along with order intake and business volume.

Meanwhile, delivery times made a negative contribution for the fifth consecutive month.

The Swedish composite PMI increased to 48.3 in December from 47.3 in the preceding month.

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


Denmark Retail Sales Fall In December (08 min(s), 22 sec(s) ago)
(RTTNews) - Denmark's retail sales fell in December after rising in the preceding month, figur ...Full Story»

Turkey Manufacturing Capacity Utilization Falls In January (14 min(s), 22 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization decreased in January, figures from the ...Full Story»

Finland Manufacturing Confidence Weakens In January (01 hr(s), 44 min(s), 22 sec(s) ago)
(RTTNews) - Finland's manufacturing sentiment deteriorated in January, survey data from the Co ...Full Story»

Finland Consumer Confidence Falls In January (01 hr(s), 45 min(s), 22 sec(s) ago)
(RTTNews) - Finland's consumer confidence decreased in January after improving in the previous ...Full Story»

European Economics Preview: German Ifo Business Confidence Data Due (55 min(s), 38 sec(s) ago)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story»

Economic Calendar Is A Blank Slate On Monday (38 min(s), 38 sec(s) ago)
(RTTNews) - There's no economic data on the slate for Monday, with most countries in the Asia- ...Full Story»

Belgium Business Confidence Improves Further (22 min(s), 38 sec(s) ago)
(RTTNews) - Belgium's business confidence improved further in January, extending the upward tr ...Full Story»

Professional Forecasters Raise 2020 Eurozone GDP Forecast: ECB Survey (13 min(s), 38 sec(s) ago)
(RTTNews) - Professional forecasters raised the euro area economic growth forecast for this year, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Denmark Retail Sales Fall In December

01/27/2020 - 03:15 AM (RTTNews)
(RTTNews) - Denmark's retail sales fell in December after rising in the preceding month, figur ...Full Story>>

Turkey Manufacturing Capacity Utilization Falls In January

01/27/2020 - 03:09 AM (RTTNews)
(RTTNews) - Turkey's manufacturing capacity utilization decreased in January, figures from the ...Full Story>>

Finland Manufacturing Confidence Weakens In January

01/27/2020 - 01:39 AM (RTTNews)
(RTTNews) - Finland's manufacturing sentiment deteriorated in January, survey data from the Co ...Full Story>>

Finland Consumer Confidence Falls In January

01/27/2020 - 01:38 AM (RTTNews)
(RTTNews) - Finland's consumer confidence decreased in January after improving in the previous ...Full Story>>

European Economics Preview: German Ifo Business Confidence Data Due

01/26/2020 - 23:19 PM (RTTNews)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story>>
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.