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Sweden's Services Growth Continues To Moderate

Sweden's services sector growth continued to slow for the fourth month in a row in October to reach the lowest level seen so far this year, survey data from Swedbank and the logistics association SILF showed Monday.

The Purchasing Managers' Index for the services sector dropped to 56.3 in October from 56.6 in September. Any score above 50 indicates expansion in the sector, while a reading below 50 suggests contraction.

The share of business volume and suppliers' delivery times decreased in October while employment and order intake increased. Input price inflation was the highest since June this year.

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