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Weak performance from the Swedish service sector
Friday, 04 May 2012
The purchasing managers’ index for the services sector fell to 48.6 in
April from unadjusted 52.6 the previous month according to latest data.
The index is a compilation of the assessment, including more than 200
purchasing managers in the services sector in terms of economic
development and presented by Swedbank and Silf, the organization that
deals with purchasing and logistics.
Silf / Swedbank
write in a comment that it is the first time since November last year
that growth in service companies came to a halt. Although the monthly
fluctuations should be taken with some caution, the overall index shows
a modest recovery during the last three months compared to the previous
All sub-indices of the PMI services fell in April. The largest negative
contribution was the volume of business, followed by new orders. Index
of supplier delivery times are the only sub variable in service PMI
that was in the growth zone, although the index fell.
Silf / Swedbank use the seasonally adjusted index, which is officially
recognized. Non-seasonally adjusted index fell to 51.2 in April from
54.4 the previous month.
By Scancomark.se Team
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