Sweden's services activity growth remained strong in October despite easing since September, survey results from Swedbank and the logistics association Silf showed on Wednesday.
The purchasing managers' index, or PMI, for the services sector dropped to 55.4 in October from 57.9 in September. However, a score above 50 suggests expansion in the sector.
"Lower interest rates from the Riksbank and a more expansionary fiscal policy may in the long term lift the services sector and may already be reflected in the business plans of service companies, which continued to rise in October," Swedbank analyst Jorgen Kennemar said.
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