empty
 
 

04.01.202406:54:00UTC+00Sweden Services Activity Stabilises In December

Sweden's service sector signalled a stabilisation in Decembeer after contracting in the previous four months, survey results from Swedbank and the logistics association Silf showed on Thursday.

The purchasing managers' index, or PMI, for the services sector rose to a five-month high of 50.0 in December from 48.5 in November.

Any reading below 50 suggests contraction, while a score above 50 indicates expansion in the sector.

The survey revealed that delivery times accounted for the largest positive contribution to the increase in PMI services, followed by business volume and order intake, while employment dragged down the overall index.

On the price front, the index for raw materials and input prices fell to 57.9 in December from 59.0 in the prior month.

"Even if the larger service companies show a milder economic slowdown in 2023 compared to previous economic downturns, the downside risks remain high," Swedbank analyst Jorgen Kennemar said.

"This is especially true now that the Swedish market is being pressured by weak consumption and reduced housing construction."

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Hozir telefon orqali gaplasha olmaysizmi?
Savolingizni bering chatda.
Widget callback