Advertisement Opportunities | About Us | Contact Us | Tell us what you think | Jobs | Shopping | Dating | Archive 


Market News

The Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.


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.
We are recruiting and we seek the services of Editors, writers, media sales executives and columnists as well as contributors with good knowledge of the Scandinavian region. You will also have a good command of the English language and one or more other Scandinavian Language. Please, instead of criticising us,(something we welcome) join us, be paid and make us better.
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 period.

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 Team

What do you think about this article and us? Please leave a comment!
  • Should be Empty:

Print Friendly and PDF