It was the first time since November last year the index has dropped below 50 points
PHOTO
Activity in Sweden's services sector fell to 48.1 in April from an upwardly revised 54.1 the previous month, compilers Silf/Swedbank said on Monday.
It was the first time since November last year the index has dropped below 50 points, seen as the dividing line between expansion and contraction in the sector.
The composite index of the service and manufacturing sectors decreased to 49.0 points from 53.0 points the previous month. (Reporting by Simon Johnson, editing by Louise Rasmussen)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
