Service Sector Shows Clear Recovery
Photo: Annika af Klercker / SvD / TT

Service Sector Shows Clear Recovery in September Index

The temperature in the service sector is rising clearly, shows the purchasing managers' index for September.

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The index, which is produced by Swedbank and the purchasing managers' organization Silf, rose from 53.8 in August to 57.7 in September, a level that has not been recorded in over three years.

"The service sector has had difficulty establishing itself in the growth zone but now shows signs of a clear recovery, even if the September result should not be overinterpreted", writes Jörgen Kennemar, economist at Swedbank, in a press release.

An index above 50 indicates growth.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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