Sweden's services activity expanded at the fastest pace in more than three years in November, survey results from Swedbank and the logistics association Silf showed on Wednesday.
The purchasing managers' index, or PMI, for the services sector rose to 59.1 in November from 55.9 in October. That was also above its historical average of 55.6.
"Lower interest rates and increased consumption and investment needs have begun to have an impact on service companies and their business plans to an extent that we have not seen since the first half of 2022," Swedbank analyst Jorgen Kennemar said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.