Sweden's service sector activity expanded at the slowest pace in five months, survey results from Swedbank and the logistics association Silf showed on Wednesday.
The purchasing managers' index, or PMI, for the services sector dropped to 54.3 in January from 56.3 in December. However, a reading above 50 indicates expansion in the sector. That was below its historical average of 55.6.
"The recovery in the services sector has slowed down after a strong end to 2025, but it is too early to assess whether it is a temporary slump or not," Swedbank Analyst Jorgen Kennermar said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.