Financial News: Swedish Services Growth Eases In July

Swedish Services Growth Eases In July

08/05/2026 - 04:03:00 (RTTNews)

(RTTNews) - The Swedish service sector growth eased in July from a 7-month high in the previous month, survey results from Swedbank and the logistics association Silf showed on Wednesday.

The purchasing managers' index, or PMI, for the services sector dropped to 54.2 in July from 56.5 in June. A score above 50 indicates expansion in the sector. Moreover, the reading stayed above the average for the first seven months of the year.

Among components, the sub-index for delivery times accounted for the largest negative contribution to the decline in PMI services, followed by new orders, but both remain in the growth zone. The index for employment declined to a new annual low of 45.9.

On the price front, cost pressures eased in July, and the index for raw and intermediate goods prices fell to 65.5 in July from 75.1 in June.

The composite output index dropped to 54.7 in July from 56.9 in June, indicating a slower growth in the Swedish business economy.

Jorgen Kennemar, analyst at Swedbank, noted that while the business sector recovery continues, the slowdown in July reflects moderating momentum. The easing cost pressures could provide a favorable backdrop for the Riksbank's interest rate decision scheduled for later in August.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Portugal Producer Price Inflation Climbs To 41-month High (18 min(s), 20 sec(s) ago)
(RTTNews) - Portugal's producer price inflation accelerated in July to the highest level in ne ...Full Story»

German Economic Sentiment Hits 6-Month High (01 hr(s), 02 min(s), 20 sec(s) ago)
(RTTNews) - German economic confidence rose to a six-month high in August driven by good company r ...Full Story»

Ireland Trade Surplus Shrinks In June (01 hr(s), 06 min(s), 20 sec(s) ago)
(RTTNews) - Ireland's foreign trade surplus decreased in June from a year ago as imports grew ...Full Story»

Spain Trade Gap Widens In June (02 hr(s), 35 min(s), 20 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in June from a year ago as imports ...Full Story»

UK Unemployment Rate Remains Stable (04 hr(s), 17 min(s), 20 sec(s) ago)
(RTTNews) - The UK unemployment rate remained stable in the three months to June, the Office for N ...Full Story»

Australia Consumer Sentiment Data Due On Tuesday (21 min(s), 40 sec(s) ago)
(RTTNews) - Australia will on Tuesday see August results for the consumer sentiment index from Wes ...Full Story»

U.S. Homebuilder Confidence Unexpectedly Improves Modestly In August (08 min(s), 40 sec(s) ago)
(RTTNews) - The National Association of Home Builders released a report on Monday unexpectedly sho ...Full Story»

New York Manufacturing Index Unexpectedly Jumps To Over Four-Year High In August (57 min(s), 40 sec(s) ago)
(RTTNews) - New York manufacturing activity grew strongly in the month of August, according to a r ...Full Story»