Swedens services sector has returned to growth in June, the latest data by Swedbank showed.The Services Purchasing Managers Index was reported at a reading of 51.8 in June, up from a revised up 49.8 i
Sweden’s services sector expands for 1st time since March
Sweden’s services sector has returned to growth in June, the latest data by Swedbank showed.
The Services Purchasing Managers’ Index was reported at a reading of 51.8 in June, up from a revised up 49.8 in May.
The sub-indexes of new orders (52.5 versus 50.5 in May) and delivery times (54.1 versus 49.8 in May) registered an improvement.
In the meantime, the gauges of new business volumes (50.2 versus 50.4 in May), backlog of orders (51.5 versus 52.6 in May) and raw & input prices (53.7 versus 54.2 in May) deteriorated last month.
The Swedish Krona was little changed on the day against the US Dollar, with the USD/SEK currency pair last trading at 10.5636.
Best Exchanges
Open a Demo Account and Hone Your Trading Skills
A World-Class Trading Experience
Low Spreads. Safe Trades.Trade confidently with FBS: superior conditions and exceptional security standards.
Manchester United's Official Online Financial Trading Platform Partner
Get VIP treatment with ZERO spreads (for 90%+ of the trading day) + low commission (max 3.5 USD per lot per side) MT4/MT5
One of the best brokers for low spreads, trading conditions and execution
Brokers News
