Sweden's service sector rebounded in July on robust orders, survey data from Swedbank showed Friday.
The Purchasing Managers' Index rose to 54.8 in July from 47.4 in June. A reading above 50 indicates expansion in the sector.
The largest contributor to the growth was new orders, which climbed 10 points. Employment and business volume showed expansion, while the index for suppliers' delivery time remained below 50.
Service firms' planned business volume improved marginally in July, to 56.2.
by RTT Staff Writer
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