Swedish services PMI 50.5 points in April - Silf/Swedbank

Kitco Media
By Reuters
Published:
Updated:
Reuters
STOCKHOLM, May 4 (Reuters) - Activity in Sweden's services sector rose in April from March with the purchasing managers index (PMI) increasing to 50.5 points from an upwardly revised 49.9 points the previous month, data by compilers Silf/Swedbank showed on Thursday. That took the index above the 50 point level that divides expansion from contraction in the sector for the first time since January. The composite index of the service and manufacturing sectors rose to 49.1 points from 48.7 points. (Reporting by Simon Johnson, editing by Essi Lehto)

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