Sweden’s Services Sector Growth Accelerates
Photo: Berit Roald/NTB Scanpix/TT

Sweden’s Services Sector Growth Accelerates in September, PMI Shows

Activity in the services sector increased in September, according to the Purchasing Managers' Index (PMI) from Swedbank and Silf (a Swedish trade association).

The index rose to 57.4 in September, from a revised 56.0 the previous month.

The composite index for September, which also includes the manufacturing industry, rose to 57.6 from a revised 56.1 in August.

The eurozone composite purchasing managers' index remained unchanged at 53.1 from the previous month, according to Bloomberg figures.

An index reading above 50 indicates growth, while a reading below 50 indicates a decline.

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