Advertisement
Singapore markets open in 4 hours 39 minutes

  • Straits Times Index

    3,367.90
    +29.33 (+0.88%)
     

  • S&P 500

    5,509.01
    +33.92 (+0.62%)
     

  • Dow

    39,331.85
    +162.33 (+0.41%)
     

  • Nasdaq

    18,028.76
    +149.46 (+0.84%)
     

  • Bitcoin USD

    61,916.01
    -1,373.77 (-2.17%)
     

  • CMC Crypto 200

    1,331.19
    -13.31 (-0.99%)
     

  • FTSE 100

    8,121.20
    -45.56 (-0.56%)
     

  • Gold

    2,339.10
    +0.20 (+0.01%)
     

  • Crude Oil

    83.06
    -0.32 (-0.38%)
     

  • 10-Yr Bond

    4.4360
    -0.0430 (-0.96%)
     

  • Nikkei

    40,074.69
    +443.63 (+1.12%)
     

  • Hang Seng

    17,769.14
    +50.53 (+0.29%)
     

  • FTSE Bursa Malaysia

    1,597.96
    -0.24 (-0.02%)
     

  • Jakarta Composite Index

    7,125.14
    -7,139.63 (-50.05%)
     

  • PSE Index

    6,358.96
    -39.81 (-0.62%)
     

Swedish services PMI rises to 56.9 points in October - Silf/Swedbank

Reuters
·1-min read

STOCKHOLM (Reuters) - Activity in Sweden's services sector picked up in October from September, with the purchasing managers index (PMI) rising to 56.9 points from a revised 55.1 points the previous month, data by compilers Silf/Swedbank showed on Thursday.

All sub-indices rose in the month, above all the gauge for employment, while the data showed a continued and far-greater-than normal upward pressure on prices.

"It is a surprisingly strong figure, not least concerning employment," Jorgen Kennemar, responsible for purchasing managers index analysis at Swedbank, said in a statement.

"But the trend in services activity is a downward one and the risk has on the contrary increased that we will see a weaker development ahead given the industrial decline and the eroding purchasing power of households."

The composite index of the service and manufacturing sectors rose to 54.0 points in October from a revised 53.3 points.

(Reporting by Niklas Pollard, editing by Stine Jacobsen)