The temperature in the services sector dropped in October, according to the purchasing managers' index for the month. The index, which is produced by Swedbank and the purchasing managers' organization Silf, fell to 55.4 in October from 57.9 in September.
BusinessThe Stockholm Stock Exchange started Tuesday in the red and remained in that area for the rest of the day. At the close, the broad OMXS index had fallen 0.8 percent.
BusinessThe Swedish economy has begun to recover and the labor market will strengthen next year, predicts Swedbank in its economic report. The major bank does not expect an interest rate increase from the Riksbank until 2027.
BusinessSwedbank's acquisition of mortgage lender Stabelo is now complete, the bank announced in a press release.
BusinessThe pace of Swedish industry is slowing down slightly in October, according to a purchasing managers' index for October from Swedbank and Silf.
BusinessVolvo Cars surged more than 38 percent on the Stockholm stock exchange after a positive quarterly report. At the same time, the broad OMXS index rose 0.8 percent.
CarsThe country's small entrepreneurs are experiencing the worst economy in 41 years with falling profitability and limited investment opportunities. But hope remains that 2026 will be better.
Business
