Sweden's service activity expanded at a slower pace in April amid inflationary pressures caused by the Middle East war along with uncertain global environment, survey results from Swedbank and the logistics association Silf showed on Wednesday.
The purchasing managers' index, or PMI, for the services sector dropped to 52.5 in April from 55.9 in March. However, a score above 50 indicates expansion in the sector.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.