Sweden's service sector activity shrank for the first time in seven months in February, survey results from Swedbank and the logistics association Silf showed on Wednesday.
The purchasing managers' index, or PMI, for the services sector dropped to 48.3 in February from 53.8 in January. Any reading below 50 indicates contraction in the sector, while a score above 50 suggests expansion.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.