Financial News: Swedish Services Growth Improves In June

Swedish Services Growth Improves In June

07/03/2025 - 04:58:00 (RTTNews)

(RTTNews) - Sweden's service sector activity expanded at an accelerated pace in June, survey results from Swanbank and the logistics association Silf showed on Thursday.

The purchasing managers' index, or PMI, for the services sector rose to 54.6 in June from 50.9 in June. A reading above 50 suggests expansion in the sector. Nonetheless, the trend remained below its historical average of 55.8.

Among components, the sub-indexes for new orders and business volume contributed to the rise in PMI services, recording the highest index levels in three years, while employment and delivery times dragged the index down.

The index for raw and intermediate goods prices rose to 53.5 in June from 51.5 in May.

The composite index also climbed to 51.5 in June from 50.4 in May, indicating a marginal recovery in the Swedish private sector.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Luxembourg Inflation Rises To 1-Year High (06 hr(s), 04 min(s), 47 sec(s) ago)
(RTTNews) - Consumer price inflation in Luxembourg accelerated in June to the highest level in one ...Full Story»

Denmark Industrial Production Rises 0.1% (07 hr(s), 16 min(s), 47 sec(s) ago)
(RTTNews) - Denmark's industrial production increased for the second straight month in May, th ...Full Story»

Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall (07 hr(s), 37 min(s), 47 sec(s) ago)
(RTTNews) - Euro area retail sales decreased for the first time in five months and services produc ...Full Story»

Iceland Trade Deficit Narrows In June (08 hr(s), 07 min(s), 47 sec(s) ago)
(RTTNews) - Iceland's foreign trade deficit decreased in June from a year ago, figures from St ...Full Story»

Czech Industrial Output Growth Improves; Trade Surplus Rises (08 hr(s), 42 min(s), 47 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in nearly ...Full Story»

Eurozone Investor Confidence Strongest In More Than 3 Years (09 hr(s), 25 min(s), 47 sec(s) ago)
(RTTNews) - Eurozone investor confidence rose to the highest level in more than three years in Jul ...Full Story»

German Industrial Production Rebounds In May (09 hr(s), 52 min(s), 47 sec(s) ago)
(RTTNews) - Germany's industrial production rebounded in May driven by robust demand for autom ...Full Story»

Romania Retail Sales Growth Eases To 2.7% (11 hr(s), 08 min(s), 47 sec(s) ago)
(RTTNews) - Romania's retail sales growth eased for the eighth straight month in May, though m ...Full Story»