FOREX TradingCharts.com

Financial News: Sweden Services Sector Deteriorates In November

Sweden Services Sector Deteriorates In November

12/04/2019 - 06:30:00 (RTTNews)

(RTTNews) - Sweden's services sector contracted for the third month in a row in November, survey data from Swedbank and the logistics association SILF showed on Wednesday.

The services purchasing managers' index, or PMI, fell to 47.9 in November from 49.4 in October. Any reading below 50 indicates contraction in the sector.

Services of three among the four sub-indices were listed below the score 50, which indicates widespread and weak activity in the service companies.

The orders sub-index logged the single largest decline in November, followed by delivery times and business volume.

Service companies' business plans rose in November, which was a positive economic signal and indicates that, after all, companies have an optimistic view of the future market development, even if the risks on the downside remain large, Swedbank analyst Jorgen Kennemar said.

The composite PMI decreased to 47.2 in November from 48.5 in the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Lowers Budget Surplus Forecast (01 hr(s), 24 min(s), 42 sec(s) ago)
(RTTNews) - Australia's government downgraded its budget surplus forecast for the current year ...Full Story»

Japan Tertiary Activity Falls In October (01 hr(s), 44 min(s), 42 sec(s) ago)
(RTTNews) - Japan's tertiary industry activity declined at a faster-than-expected rate in Octo ...Full Story»

UK House Prices To Rise 2% In 2020: Rightmove (24 min(s), 18 sec(s) ago)
(RTTNews) - UK house prices are forecast to climb 2 percent next year with strong performance in n ...Full Story»

European Economics Preview: Eurozone Flash PMI Data Due (58 min(s), 18 sec(s) ago)
(RTTNews) - Flash Purchasing managers' survey data from euro area is due on Monday, headlining ...Full Story»

China Industrial Production, Retail Sales Growth Tops Expectations (35 min(s), 18 sec(s) ago)
(RTTNews) - China industrial production and retail sales expanded at the fastest pace in five mont ...Full Story»

China Industrial Production Jumps 6.2% On Year (06 min(s), 18 sec(s) ago)
(RTTNews) - Industrial production in China was up 6.2 percent on year in November, the National Bu ...Full Story»

Japan Manufacturing PMI Slips To 48.8 - Nikkei (36 min(s), 18 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract in December, and at a slightly ...Full Story»

China Data On Tap For Monday (21 min(s), 18 sec(s) ago)
(RTTNews) - China will release a raft of data on Monday, setting the pace for a busy day in Asia-P ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Lowers Budget Surplus Forecast

12/16/2019 - 01:45 AM (RTTNews)
(RTTNews) - Australia's government downgraded its budget surplus forecast for the current year ...Full Story>>

Japan Tertiary Activity Falls In October

12/16/2019 - 01:25 AM (RTTNews)
(RTTNews) - Japan's tertiary industry activity declined at a faster-than-expected rate in Octo ...Full Story>>

UK House Prices To Rise 2% In 2020: Rightmove

12/15/2019 - 23:34 PM (RTTNews)
(RTTNews) - UK house prices are forecast to climb 2 percent next year with strong performance in n ...Full Story>>

European Economics Preview: Eurozone Flash PMI Data Due

12/15/2019 - 23:08 PM (RTTNews)
(RTTNews) - Flash Purchasing managers' survey data from euro area is due on Monday, headlining ...Full Story>>

China Industrial Production, Retail Sales Growth Tops Expectations

12/15/2019 - 22:45 PM (RTTNews)
(RTTNews) - China industrial production and retail sales expanded at the fastest pace in five mont ...Full Story>>
Copyright © 2019. 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.