The Swedish service sector growth rebounded somewhat in May, though it remained below its historical average, survey results from Swedbank and the logistics association Silf showed on Wednesday.
The purchasing managers' index, or PMI, for the services sector rose to 53.9 in May from 52.6 in April. A score above 50 indicates expansion in the sector. Nonetheless, the reading stayed below its historical average of 55.6 for the second straight month.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.