Sweden's services activity expanded at a slower pace in December, though it maintained strong growth momentum, survey results from Swedbank and the logistics association Silf showed on Wednesday.
The purchasing managers' index, or PMI, for the services sector dropped to 56.7 in December from 59.2 in November. However, a reading above 50 indicates expansion in the sector. That was also above its historical average of 55.6.
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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.