Sweden's service sector activity rebounded in March after a renewed contraction in February, survey results from Swedbank and the logistics association Silf showed on Tuesday.
The purchasing managers' index, or PMI, for the services sector climbed to 55.7 in March from 48.7 in February. Any reading below 50 indicates contraction in the sector, while a score above 50 suggests expansion.
"Although the service sector is in the growth zone, there are signs that the recovery has slowed down in the first quarter after the strong recovery last year," 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.