Purchasing Managers´ Index Services, July 2011Swedbank
The Services PMI rose from 53.8 in June to 54.7 in July, indicating continued growth in the private services sector. The new orders component contributed most to the increase, landing in the growth zone. While business activity growth moderated and employment dropped slightly, planned business activity rose, pointing to a positive outlook. Suppliers' prices decreased somewhat from June levels but continue to rise.
Purchasing Managers' Index Services - September 5, 2012Swedbank
The Services PMI dropped from 54.8 in July to 50.8 in August, moderating the rise seen in July. All component indices declined except supplier delivery times. The employment index dropped significantly to 44.1, indicating weaker staffing needs among service companies. Despite the decline, indices except employment remained above 50, in the growth zone. Service companies remain cautiously optimistic about continued economic growth as the planned business activity index rose slightly.
The Purchasing Managers' Index for service companies (PMI-Services) fell marginally to 65.9 in January from 66 in December, still indicating strong activity in the private service sector. Most component indices increased except supplier delivery times. Service companies revised their planned business volumes upward to a record high of 78.5, retaining a positive six-month outlook. Cost pressures increased for service companies as suppliers' intermediate goods prices rose.
Purchasing Managers´ Index Services, July 2011Swedbank
The Services PMI rose from 53.8 in June to 54.7 in July, indicating continued growth in the private services sector. The new orders component contributed most to the increase, landing in the growth zone. While business activity growth moderated and employment dropped slightly, planned business activity rose, pointing to a positive outlook. Suppliers' prices decreased somewhat from June levels but continue to rise.
Purchasing Managers' Index Services - September 5, 2012Swedbank
The Services PMI dropped from 54.8 in July to 50.8 in August, moderating the rise seen in July. All component indices declined except supplier delivery times. The employment index dropped significantly to 44.1, indicating weaker staffing needs among service companies. Despite the decline, indices except employment remained above 50, in the growth zone. Service companies remain cautiously optimistic about continued economic growth as the planned business activity index rose slightly.
The Purchasing Managers' Index for service companies (PMI-Services) fell marginally to 65.9 in January from 66 in December, still indicating strong activity in the private service sector. Most component indices increased except supplier delivery times. Service companies revised their planned business volumes upward to a record high of 78.5, retaining a positive six-month outlook. Cost pressures increased for service companies as suppliers' intermediate goods prices rose.
The Purchasing Managers' Index (PMI) dropped from 61.3 in November to 60.2 in December, indicating slower but continued growth in the Swedish industrial economy. Lower growth in employment and production contributed to the decrease. New orders increased from November to December driven mainly by domestic demand, while commodity prices continued rising but at a slower pace than the previous month.
The Purchasing Managers' Index (PMI) for Swedish industry climbed to 61.5 in January 2011, up from 60.2 in December 2010, indicating continued strong growth. The index for production had the largest positive impact on the increase. Suppliers' commodity and intermediate goods prices also rose to their highest level in over four years. While production plans for the next six months remained positive, they were revised slightly downward from December.
Purchasing Managers´Index Report, March 2011Swedbank
Purchasing Managers´Index Report, March 2011: PMI falls to 58.6 in March 2011 – after last year’s rebound,
industrial activity is increasing more slowly
Purchasing Managers' Index (PMI) is one of Sweden's fastest and most reliable leading economic indicator and it is produced monthly by Swedbank's Economic Research Department and SILF - an purchasing and logistics organisation. The PMI is produced both for the manufacturing industry and for the services sector.
Purchasing Managers´Index Report, September 2011Swedbank
The Purchasing Managers' Index (PMI) for Swedish industry dropped from 48.7 in August to 48.1 in September, remaining below 50 which indicates contraction. This further slowdown suggests the Swedish industrial economy is stagnating or in recession. The components for delivery times, employment, and new orders all decreased, while producer price pressure continued falling due to lower global commodity prices and weak global economy. The production outlook was revised down due to worsening order levels, increasing the likelihood of limited hiring in industry over the coming months.
Purchasing Managers´Index Report, August 2011Swedbank
The Purchasing Managers' Index (PMI) dropped to 48.7 in August 2011, falling out of the growth zone for the first time since May 2009 and indicating a slowdown in Sweden's industrial economy. Three of the PMI's five component indices also fell out of the growth zone, with new orders, production, and delivery times declining. Additionally, the index for supplier commodity prices dropped to its lowest level since summer 2009, reflecting weaker global commodity prices and economic cooling. Overall, the data suggests Sweden's industrial recovery has stalled as the economy slows.
Purchasing Managers´Index Report, November 2011Swedbank
The Purchasing Managers' Index (PMI) dropped from 49.8 in October to 47.6 in November, indicating a steeper decline in the Swedish industrial economy. All component indices dropped, with new orders declining the most, especially domestic orders. Weaker demand contributed to lower production and delivery times. Employment and production plans also fell, suggesting only limited hiring in the coming months. Price pressure from producers remained subdued.
The Purchasing Managers' Index (PMI) dropped to 50.3 in February 2012, indicating that Sweden's industrial recovery has slowed as new orders declined. However, component indices sent mixed signals, with delivery times and future production plans increasing while prices rose for the second month. The PMI hovering around 50 signals a stalled recovery for Swedish industry.
The document compares the monthly percentage change in the SENSEX index to the percentage change in various industry indices such as IT, metals, and oil & gas. It shows that in most months, the IT index either outperformed or underperformed relative to the movement of the SENSEX, while the metals and oil & gas indices tended to outperform more often than the IT index.
Purchasing Managers´Index Report, May 2011Swedbank
The Purchasing Managers' Index (PMI) dropped 3.7 points in May to 56.1, the lowest level since November 2009, indicating the Swedish industrial economy is losing momentum in the spring. All component indices of the PMI declined, with new orders declining the most, followed by employment and delivery times. While industrial production plans remain unchanged, signaling continued expansion, new orders have leveled off in recent months. A significant decline in global commodity prices helped explain the drop in supplier prices.
This document contains daily stock price data for a particular stock over a period of time, including the open price, high price, low price, last traded price, close price, and total traded quantity for each date listed. The data ranges from August 1, 2012 to October 1, 2012 and shows fluctuations in the stock prices on a daily basis over this time period.
The Purchasing Managers' Index (PMI) for Swedish manufacturing dropped to 48.4 in June, its lowest level since November 2011, as new orders declined significantly. Weak global economic conditions have caused Swedish industry to slow production. Companies report reduced optimism and scaling back of production plans for the next six months.
- The Swedbank economic outlook report analyzes the economies of Sweden and the Baltic countries. It finds that the global and Swedish economic recoveries in 2010 exceeded forecasts, though risks remain.
- For 2011-2012, the report forecasts slowing but continued growth in Sweden, aided by exports. However, domestic reforms are needed to sustain growth over the medium term.
- The Baltic economies also saw stronger than expected recoveries in 2010, driven by exports. However, domestic demand growth remains weak as deleveraging continues. Further reforms are still required in the Baltic countries to strengthen their recoveries.
The Purchasing Managers' Index (PMI) dropped from 61.3 in November to 60.2 in December, indicating slower but continued growth in the Swedish industrial economy. Lower growth in employment and production contributed to the decrease. New orders increased from November to December driven mainly by domestic demand, while commodity prices continued rising but at a slower pace than the previous month.
The Purchasing Managers' Index (PMI) for Swedish industry climbed to 61.5 in January 2011, up from 60.2 in December 2010, indicating continued strong growth. The index for production had the largest positive impact on the increase. Suppliers' commodity and intermediate goods prices also rose to their highest level in over four years. While production plans for the next six months remained positive, they were revised slightly downward from December.
Purchasing Managers´Index Report, March 2011Swedbank
Purchasing Managers´Index Report, March 2011: PMI falls to 58.6 in March 2011 – after last year’s rebound,
industrial activity is increasing more slowly
Purchasing Managers' Index (PMI) is one of Sweden's fastest and most reliable leading economic indicator and it is produced monthly by Swedbank's Economic Research Department and SILF - an purchasing and logistics organisation. The PMI is produced both for the manufacturing industry and for the services sector.
Purchasing Managers´Index Report, September 2011Swedbank
The Purchasing Managers' Index (PMI) for Swedish industry dropped from 48.7 in August to 48.1 in September, remaining below 50 which indicates contraction. This further slowdown suggests the Swedish industrial economy is stagnating or in recession. The components for delivery times, employment, and new orders all decreased, while producer price pressure continued falling due to lower global commodity prices and weak global economy. The production outlook was revised down due to worsening order levels, increasing the likelihood of limited hiring in industry over the coming months.
Purchasing Managers´Index Report, August 2011Swedbank
The Purchasing Managers' Index (PMI) dropped to 48.7 in August 2011, falling out of the growth zone for the first time since May 2009 and indicating a slowdown in Sweden's industrial economy. Three of the PMI's five component indices also fell out of the growth zone, with new orders, production, and delivery times declining. Additionally, the index for supplier commodity prices dropped to its lowest level since summer 2009, reflecting weaker global commodity prices and economic cooling. Overall, the data suggests Sweden's industrial recovery has stalled as the economy slows.
Purchasing Managers´Index Report, November 2011Swedbank
The Purchasing Managers' Index (PMI) dropped from 49.8 in October to 47.6 in November, indicating a steeper decline in the Swedish industrial economy. All component indices dropped, with new orders declining the most, especially domestic orders. Weaker demand contributed to lower production and delivery times. Employment and production plans also fell, suggesting only limited hiring in the coming months. Price pressure from producers remained subdued.
The Purchasing Managers' Index (PMI) dropped to 50.3 in February 2012, indicating that Sweden's industrial recovery has slowed as new orders declined. However, component indices sent mixed signals, with delivery times and future production plans increasing while prices rose for the second month. The PMI hovering around 50 signals a stalled recovery for Swedish industry.
The document compares the monthly percentage change in the SENSEX index to the percentage change in various industry indices such as IT, metals, and oil & gas. It shows that in most months, the IT index either outperformed or underperformed relative to the movement of the SENSEX, while the metals and oil & gas indices tended to outperform more often than the IT index.
Purchasing Managers´Index Report, May 2011Swedbank
The Purchasing Managers' Index (PMI) dropped 3.7 points in May to 56.1, the lowest level since November 2009, indicating the Swedish industrial economy is losing momentum in the spring. All component indices of the PMI declined, with new orders declining the most, followed by employment and delivery times. While industrial production plans remain unchanged, signaling continued expansion, new orders have leveled off in recent months. A significant decline in global commodity prices helped explain the drop in supplier prices.
This document contains daily stock price data for a particular stock over a period of time, including the open price, high price, low price, last traded price, close price, and total traded quantity for each date listed. The data ranges from August 1, 2012 to October 1, 2012 and shows fluctuations in the stock prices on a daily basis over this time period.
The Purchasing Managers' Index (PMI) for Swedish manufacturing dropped to 48.4 in June, its lowest level since November 2011, as new orders declined significantly. Weak global economic conditions have caused Swedish industry to slow production. Companies report reduced optimism and scaling back of production plans for the next six months.
- The Swedbank economic outlook report analyzes the economies of Sweden and the Baltic countries. It finds that the global and Swedish economic recoveries in 2010 exceeded forecasts, though risks remain.
- For 2011-2012, the report forecasts slowing but continued growth in Sweden, aided by exports. However, domestic reforms are needed to sustain growth over the medium term.
- The Baltic economies also saw stronger than expected recoveries in 2010, driven by exports. However, domestic demand growth remains weak as deleveraging continues. Further reforms are still required in the Baltic countries to strengthen their recoveries.
Swedbank is a large Swedish bank operating in Sweden, Estonia, Latvia, and Lithuania. As of 2010, it had over 1.7 trillion SEK in total assets and nearly 10 billion SEK in operating profits. It serves over 4 million private customers and over 300,000 corporate customers across its four home markets. Swedbank aims to be accessible to customers through branches, online, and phone banking and to offer a wide range of banking services including savings, loans, investments and insurance.
The Latvian economy newsletter provides an overview of the real estate market in Latvia. Residential real estate growth is expected to be slow due to high debt levels, low incomes, and weak job growth limiting demand. Commercial property, especially production buildings and warehouses, is seeing stronger growth driven by exporting sectors. While construction declined during the recession, some segments like production facilities are starting to recover as exports increase. Overall, the real estate market recovery remains uneven and demand is weak constrained by economic conditions.
The Swedish Economy, No. 3, 31 March 2011 Swedbank
The Swedish economy continued strong growth early in 2011, but confidence indicators showed a slight decline, particularly among households. Households face rising prices and interest rates, which has slowed retail sales and lending growth. While labor markets remain robust, higher costs are expected to cause households to tighten budgets, which could weaken household consumption and overall economic growth in the short term. However, confidence indicators remain at high levels overall, suggesting the economy will continue expanding, just at a slower pace than late 2010.
The Latvian economy grew more slowly than expected in the first quarter of 2011, expanding by only 0.2% compared to 0.9% growth in the same period last year. Future economic growth will increasingly depend on structural reforms as the rebound effect from the recession fades. Negative demographic trends, including an aging population and emigration, pose additional challenges by burdening the government budget and undermining growth. Reforms are needed to improve the sustainability of social programs and increase economic activity among working-age individuals.
The Global Economy No. 6 - September 22, 2011Swedbank
The document summarizes the current state of the global economy. It notes that renewed economic pessimism and growing debt concerns have caused stock markets to decline over the summer. While a slowdown has begun, data does not necessarily indicate an imminent recession, though the risk has increased. The document also discusses challenges facing the Eurozone, with comments regarding Greece adding uncertainty. It argues the debt crises must be effectively managed to avoid a global recession, though available policy tools are more limited than in 2008.
Swedbank grundades 1820 då Sveriges första sparbank etablerades. Vårt arv är än i dag synligt i att vi är en bank för var och en och att vi fortfarande strävar efter att bidra till en hållbar utveckling av samhälle och miljö. Vi är starkt engagerade i samhället i stort och i att bidra till en hållbar samhällsutveckling. Vår svenska verksamhet är miljöcertifierad enligt ISO 14001 och miljöarbete är en integrerad del av vår verksamhet.
Purchasing Managers' Index (PMI) is one of Sweden's fastest and most reliable leading economic indicator and it is produced monthly by Swedbank's Economic Research Department and SILF - an purchasing and logistics organisation. The PMI is produced both for the manufacturing industry and for the services sector.
Purchasing Managers' Index Report April 2010Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers' Index Report 2010 FebruarySwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers Index Report 2010 JanuarySwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers' Index Report December 2009Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers' Index Report August 2009Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers' Index Report November 2009Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers' Index Report May 2009Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers´Index Report, October 2011Swedbank
The Purchasing Managers' Index (PMI) rose slightly in October 2011 to 49.8, but has remained below 50 for the past three months, indicating a weakening industrial economy. New orders increased and contributed positively to the PMI. While production plans are still aimed at expansion, they are more modest than previously. Companies are reducing inventories in preparation for a weaker economy. Input prices from producers continued to decline sharply.
Purchasing Managers' Index Report October 2009Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers' Index Report May 2010Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Purchasing Managers' Index Report July 2009Swedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Swedbank corporate presentation April 25 2017Swedbank
This document provides an overview of Swedbank, a bank operating in Sweden, Estonia, Latvia, and Lithuania. It details that Swedbank has over 16 million inhabitants, 7.3 million private customers, and 651,000 corporate customers across its four home markets. Key figures on branches, employees and lending are also provided for each country. The document discusses Swedbank's history, vision, values, purpose and engagement in society. It outlines challenges from new customer needs, competitors, regulations and economic developments, and how Swedbank is adapting. Services provided to private and corporate customers are also summarized.
The interim report summarizes Swedbank's financial results for the first quarter of 2017. Net interest income and lending volumes increased compared to the previous quarter, while net commission income decreased due to seasonal effects. Overall profits increased 25% compared to the first year, strengthened by a capital gain from the sale of Hemnet. Credit quality remained strong across all business segments, though additional provisions were made for oil-related sectors. The report provides an overview of each business segment and notes that economic indicators have strengthened in Sweden and the Baltic countries in recent months.
Swedbank reported its year-end results for 2016. In Q4 2016, net interest income increased 3% compared to Q3 2016 supported by increased lending volumes. Net commission income benefited from positive stock market development. Higher volumes of covered bond repurchases weighed down Treasury's result. Costs were in line with expectations and credit quality remained solid despite increased provisions in oil related sectors. For the full year 2016, total income increased 11% while total expenses increased only 1%, leading to an 18% rise in operating profit. Return on equity was 15.8% and the proposed dividend per share was SEK 13.20, up from SEK 10.70 the previous year.
Swedbank corporate presentation, February 2 2017Swedbank
Swedbank is a major banking group in Sweden, Estonia, Latvia, and Lithuania, serving over 16 million inhabitants and 7.3 million private customers. It has 389 branches and over 13,700 employees across its four home markets. The document provides an overview of Swedbank's operations and presence in each of its home markets, its financial figures, strategic focus areas, engagement in society, and the services it provides to both private and corporate customers.
Swedbank Corporate Presentation, October 25 2016Swedbank
Swedbank is a major bank operating in Sweden, Estonia, Latvia, and Lithuania with over 14,000 employees. It has a presence in several other Nordic and Baltic countries as well as in China, South Africa, Luxembourg, and the US. The bank provides a variety of financial services to over 7 million private customers and 640,000 corporate customers. Swedbank is adapting to changes in customer needs, regulations, competitors and the macroeconomic environment to remain a strong, relevant bank.
Swedbank Corporate Presentation, June 30 2016Swedbank
Swedbank is a Swedish bank that provides banking services to individuals and businesses. It has over 2.4 trillion SEK in total assets and 7.3 billion SEK in operating profits. It operates primarily in Sweden, Estonia, Latvia, and Lithuania, serving over 4 million private customers and over 500,000 corporate customers. Swedbank aims to be accessible to customers through its branches, phone, and digital channels and to promote financial well-being for households and enterprises.
Swedbank is a bank based in Sweden with operations also in Estonia, Latvia, Lithuania and other markets. As of March 31, 2016 it had total assets of SEK 2,404 billion and an operating profit of SEK 5,275 million. It aims to promote sound financial situations for households and enterprises through offering banking services such as savings, loans, investments and insurance. The presentation provides an overview of Swedbank's home markets, history, values of being simple, open and caring, and private and corporate banking services.
The presentation outlines Swedbank's purpose, history, values, products and services for private and corporate customers, and emphasizes its commitment to being accessible and providing a positive experience for customers.
This document provides Swedbank's year-end report for 2015. It summarizes that Swedbank's profit for the fourth quarter was stable at SEK 3.8 billion despite challenges from lower interest rates and economic uncertainty. Total income was SEK 9.5 billion for the quarter. For the full year, profit was SEK 15.7 billion, down 4% from 2014, as lower interest rates reduced net interest income despite increased mortgage and deposit volumes. The CEO commented that priorities in 2015 were improving customer value, increasing efficiency, and integrating Sparbanken Öresund.
Swedbank Corporate Presentation, September 2015Swedbank
The bank aims to promote sound financial management for households and enterprises through products like loans, savings, investments, and insurance that are accessible via branches, phone, and online banking designed to be simple, open, and caring.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
1. Purchasing Managers’ Index – Services November 3, 2011
Services PMI drops to 49.1 in October – broad weakening
in the service economy
The purchasing managers’ index for services (Services PMI) dropped from 51.4 in
September to 49.1 in October, which is the lowest level since the end of 2009. This
indicates that the economic recovery in the private service sector has leveled off,
though these monthly statistics should be interpreted with a degree of caution. It is
clear, however, that activity in the service sector is significantly weaker than during
the spring, when the index was hovering around the 60 mark.
All component indices decreased in October. The indices for business activity and
new orders fell the most, both landing outside the growth zone. The indices for
employment and supplier delivery times also dropped, but remained above the 50
mark.
The negative trend in new orders has resulted in further downward revisions to
service companies’ business plans for the next six months, pushing this index down
to its lowest level in two years. This also suggests that we will see a limited amount
of hiring among service companies going forward.
The current economic cooling trend has caused supplier intermediate goods prices
to rise more slowly than earlier in the year. The index for intermediate goods prices
dropped from 54.3 in September to 52.9 in October.
Services PMI
(Purchasing Managers’
Index - Services)
Seasonally adjusted
2011 Oct. 49.1
Sep. 51.4
Aug. 53.7
Jul. 54.2
Jun. 53.3
May 56.3
Apr. 60.6
Mar. 60.6
Feb. 61.8
Jan. 65.5
2010 Dec. 65.7
Nov. 63.9
Oct. 63.4
Next publication of Services PMI: Monday, December 5, 2011
Jörgen Kennemar Swedbank, Economic Research Department, +46 (0)8-5859 7730
Administration, +46 (0)8-5859 7740, ek.sekr@swedbank.se
Sebastian Bergfelt, Silf, +46 (0)73-944 6450, professionals@silf.se
1 (4)
2. Purchasing Managers Index - Services
October 2011, continued
Silf / Swedbanks' Purchasing Mangers' Index Service Sector, seasonally adjusted
Components of PMI - Service Other indicies Forecast
Total index Business Delivery New orders Employment Back log of order Prices Planned
activity times business
activity
feb 58.6 65.6 52.5 58.2 56.7 54.4 48.1 62.3
mar 62.3 69.7 53.7 63.6 59.2 63.6 48.7 64.8
apr 56.9 60.5 53.2 59.2 52.3 52.3 52.0 67.4
may 60.6 65.1 52.1 64.1 57.4 58.9 54.2 72.1
jun 67.2 72.8 58.0 72.1 61.0 64.6 59.8 71.2
jul 63.6 66.2 60.4 64.2 62.5 62.2 52.1 67.6
aug 64.4 69.2 54.6 66.5 64.7 60.8 54.6 69.8
sep 61.6 68.5 52.5 65.3 55.6 63.0 55.8 66.7
oct 61.0 67.1 54.9 61.7 58.3 55.8 54.4 67.0
nov 63.7 65.2 61.5 62.9 65.5 59.9 55.6 72.7
dec 67.3 71.6 59.6 68.4 67.9 58.6 53.2 75.2
2007 jan 66.2 70.8 60.9 67.7 63.0 63.3 57.9 73.9
feb 62.7 70.7 59.9 62.6 55.7 61.5 60.1 70.2
mar 59.3 60.5 54.9 61.5 58.2 56.7 56.0 68.8
apr 66.0 73.1 60.0 69.4 57.2 64.6 57.9 66.7
may 60.8 62.2 59.7 61.9 58.4 66.2 60.3 67.0
jun 62.9 63.0 57.7 65.5 63.7 63.0 55.9 64.5
jul 60.8 64.4 61.7 61.5 54.0 60.6 59.2 65.8
aug 56.8 57.6 59.0 55.0 56.7 52.8 57.9 60.7
sep 58.0 59.0 57.1 54.8 63.2 57.1 52.3 62.0
oct 57.0 55.7 56.6 56.1 60.3 53.0 57.0 68.8
nov 60.7 66.9 54.8 61.0 58.0 58.7 61.3 54.4
dec 62.1 66.7 56.9 61.3 62.9 64.7 62.1 60.2
2008 jan 57.8 59.9 52.6 56.7 62.1 56.2 63.3 67.5
feb 56.4 57.2 54.1 58.5 53.8 58.6 61.2 64.4
mar 54.4 53.9 52.5 53.7 58.3 52.5 59.4 71.5
apr 52.5 53.3 49.2 49.4 60.5 53.1 56.1 61.9
may 60.7 68.6 50.7 57.4 66.5 55.8 56.6 64.3
jun 52.9 56.5 50.1 48.4 59.1 46.3 64.4 64.6
jul 53.8 58.1 45.9 49.8 63.0 45.4 67.0 60.5
aug 50.3 52.6 49.5 45.5 56.5 48.9 56.8 60.5
sep 51.9 56.2 47.5 46.7 60.1 38.7 57.6 56.3
oct 42.2 43.9 45.6 34.9 49.6 44.1 57.7 47.9
nov 43.7 43.7 49.5 36.9 49.9 35.8 53.4 42.5
dec 38.1 37.5 39.7 36.8 39.5 37.0 45.2 40.3
2009 jan 35.3 33.2 42.3 35.5 30.5 28.3 48.7 33.9
feb 38.2 37.3 38.6 35.9 42.7 34.6 47.4 41.0
mar 40.6 43.9 41.6 42.2 32.5 39.1 48.3 36.8
apr 40.0 41.1 39.0 39.8 40.0 39.0 42.6 46.5
may 40.7 44.3 42.7 43.6 29.1 38.3 41.0 44.5
jun 42.3 44.0 40.5 46.9 33.8 44.7 35.9 52.2
jul 43.2 45.6 38.7 47.7 36.6 43.2 40.9 55.8
aug 45.5 50.9 40.9 50.5 34.4 47.2 45.1 55.5
sep 48.5 52.6 45.6 55.0 34.8 54.2 48.8 58.7
oct 54.9 61.8 47.1 62.2 41.2 62.5 44.7 61.0
nov 51.2 56.5 47.7 56.7 38.4 57.0 44.5 67.4
dec 47.5 52.3 46.6 49.7 38.4 48.5 52.4 61.3
2010 jan 55.2 59.4 50.7 59.2 47.4 56.2 48.7 61.8
feb 60.9 64.0 53.8 67.5 52.4 60.7 46.4 75.4
mar 61.4 65.0 58.5 63.6 55.7 60.3 56.0 71.9
apr 62.3 66.3 60.9 64.3 55.2 61.1 60.3 74.1
may 59.4 60.4 59.7 60.5 55.8 58.9 62.8 69.5
jun 60.2 61.9 62.5 61.7 53.0 61.8 62.6 69.8
jul 63.5 67.1 61.6 66.4 55.9 63.6 63.8 72.2
aug 63.7 65.9 62.0 67.7 55.7 63.6 61.6 70.2
sep 60.8 59.4 64.3 63.4 54.6 60.1 63.1 73.4
oct 63.6 64.9 61.6 67.0 57.8 61.2 60.0 76.2
nov 64.0 64.9 58.6 67.5 62.1 63.9 65.6 77.7
dec 65.8 69.5 64.4 65.7 62.8 60.7 63.6 76.9
2011 jan 65.5 70.5 61.1 66.0 62.9 64.6 67.2 77.9
feb 61.8 62.4 62.3 61.1 61.9 58.2 68.9 69.6
mar 60.6 64.1 60.5 58.6 59.8 55.6 64.5 69.4
apr 60.6 62.5 59.9 60.8 58.7 57.9 64.8 67.1
may 56.3 55.7 58.0 55.0 57.6 50.1 59.8 66.9
jun 53.3 58.4 54.7 47.9 55.1 48.0 57.6 62.1
jul 54.2 55.1 55.7 52.4 54.8 53.3 54.2 62.3
aug 53.7 53.9 55.7 53.4 51.9 49.4 55.2 59.8
sep 51.4 52.5 52.0 48.1 55.0 47.9 54.3 57.5
oct 49.1 48.9 51.3 45.3 53.9 45.7 52.9 53.7
2 (4)
3. Purchasing Managers Index - Services
October 2011, continued
Silf / Swedbanks' Purchasing Mangers' Index Service Sector, original
Components of PMI - Service Other indicies Forecast
Total index Business Delivery New orders Employment Back log of orders Prices Planned
activity times business
activity
2006 jan 53.7 57.0 50.8 53.9 52.3 54.0 46.9 65.6
feb 57.6 63.8 52.6 57.8 54.3 56.9 49.1 63.2
mar 63.6 72.6 51.2 66.7 59.5 66.7 48.8 65.5
apr 59.6 63.6 52.7 63.6 54.6 55.6 53.6 70.9
may 63.6 69.2 52.9 67.3 60.6 62.5 56.7 76.0
jun 72.3 78.8 61.0 76.8 67.5 68.3 61.0 73.8
jul 58.9 58.1 62.8 55.8 61.6 54.7 52.3 67.4
aug 66.5 71.6 53.4 69.3 68.2 63.6 54.5 69.3
sep 64.0 72.6 53.5 68.6 55.8 64.0 57.0 66.3
oct 60.8 67.0 56.1 61.2 57.1 55.0 53.0 66.0
nov 62.2 64.1 62.0 59.8 64.1 56.5 52.2 69.6
dec 63.6 67.4 57.4 64.9 62.8 56.4 48.9 71.3
2007 jan 60.9 63.3 58.3 62.2 58.2 57.1 59.2 71.4
feb 61.7 68.9 60.0 62.2 53.3 64.0 61.1 71.1
mar 60.6 63.4 52.4 64.6 58.5 59.8 56.1 69.5
apr 68.7 76.2 59.5 73.8 59.5 67.9 59.5 70.2
may 63.8 66.3 60.5 65.1 61.6 69.8 62.8 70.9
jun 68.0 69.0 60.7 70.2 70.2 66.7 57.1 67.1
jul 56.1 56.3 64.1 53.1 53.1 53.1 59.4 65.6
aug 58.8 60.0 57.8 57.8 60.2 55.6 57.8 60.2
sep 60.4 63.1 58.1 58.1 63.4 58.1 53.5 61.6
oct 56.7 55.6 57.8 55.6 59.1 52.2 55.6 67.8
nov 59.1 65.8 55.3 57.9 56.6 55.3 57.9 51.3
dec 58.4 62.5 54.7 57.8 57.8 62.5 57.8 56.3
2008 jan 52.5 52.4 50.0 51.2 57.3 50.0 64.6 65.0
feb 55.3 55.4 54.2 58.1 51.4 61.1 62.2 65.3
mar 55.8 56.8 50.0 56.8 58.6 55.6 59.5 72.2
apr 55.2 56.4 48.7 53.8 62.8 56.4 57.7 65.4
may 63.6 72.7 51.5 60.6 69.7 59.4 59.1 68.2
jun 58.0 62.5 53.1 53.1 65.6 50.0 65.6 67.2
jul 49.1 50.0 48.3 41.4 62.1 37.9 67.2 60.3
aug 52.3 55.0 48.3 48.3 60.0 51.7 56.7 60.0
sep 54.3 60.3 48.5 50.0 60.3 39.7 58.8 55.9
oct 42.0 43.8 46.8 34.4 48.4 43.3 56.3 46.9
nov 42.2 42.6 50.0 33.8 48.5 32.4 50.0 39.4
dec 34.4 33.3 37.5 33.3 34.4 34.8 40.9 36.4
2009 jan 30.0 25.7 39.7 30.0 25.7 22.1 50.0 31.4
feb 37.1 35.5 38.7 35.5 40.3 37.1 48.4 41.9
mar 41.9 46.8 39.1 45.3 32.8 42.2 48.4 37.5
apr 42.7 44.2 38.5 44.2 42.3 42.3 44.2 50.0
may 43.6 48.4 43.5 46.8 32.3 41.9 43.5 48.4
jun 47.3 50.0 43.5 51.6 40.3 48.4 37.1 54.8
jul 38.5 37.5 41.1 39.3 35.7 35.7 41.1 55.6
aug 47.5 53.3 39.7 53.3 37.9 50.0 45.0 55.0
sep 50.9 56.7 46.6 58.3 35.0 55.2 50.0 58.3
oct 54.7 61.7 48.3 61.7 40.0 61.7 43.3 60.0
nov 49.7 55.4 48.2 53.6 37.0 53.6 41.1 64.3
dec 43.7 48.1 44.4 46.2 33.3 46.3 48.1 57.4
2010 jan 49.9 51.9 48.1 53.7 42.6 50.0 50.0 59.3
feb 59.8 62.2 53.9 67.1 50.0 63.2 47.4 76.3
mar 62.7 67.9 56.0 66.7 56.0 63.4 56.1 72.6
apr 65.0 69.4 60.4 68.7 57.5 64.4 61.9 77.6
may 62.3 64.5 60.5 63.7 59.0 62.5 65.3 73.4
jun 65.2 67.9 65.5 66.4 59.5 65.5 63.8 72.4
jul 58.9 59.0 64.0 58.0 55.0 56.1 64.0 72.0
aug 65.8 68.3 60.8 70.5 59.2 66.4 61.5 69.7
sep 63.2 63.5 65.3 66.7 54.8 61.1 64.3 73.0
oct 63.4 64.8 62.8 66.5 56.6 60.4 58.6 75.2
nov 62.5 63.8 59.1 64.4 60.7 60.5 62.2 74.6
dec 62.1 65.3 62.2 62.2 57.7 58.5 59.3 73.0
2011 jan 60.3 63.1 58.6 60.5 58.1 58.5 68.5 75.4
feb 60.9 60.8 62.5 60.8 59.6 60.8 70.0 70.6
mar 62.2 67.3 58.1 61.9 60.3 58.8 64.8 70.4
apr 63.6 66.0 59.7 65.6 61.2 61.5 66.8 71.1
may 59.6 60.3 59.2 58.6 61.1 54.1 62.8 71.5
jun 58.8 65.0 58.0 53.1 61.9 52.2 59.3 65.5
jul 50.0 47.5 58.5 44.4 54.3 46.3 55.0 62.8
aug 55.2 55.6 54.3 56.0 54.3 51.7 54.3 58.5
sep 53.0 55.7 52.2 50.4 54.8 48.2 54.8 56.1
oct 48.0 47.7 51.8 43.7 52.3 44.1 50.9 51.4
3 (4)
4. Purchasing Managers Index - Services
October 2011, continued
Silf/Swedbank’s
Purchasing Managers’ Index – Services
- objectives and methodology
History Silf and Swedbank AB publ. made the first joint – internal – calculation of
the “Purchasing Managers’ Index” for the service sector of the four
indexes (PMI) during 2005. The model for PMI – Services is the U.S.
based Non-Manufacturing Index and the Swedish PMI, which has been
published since November 1994
Participants About 200 purchasing managers in the service sector.
Publication Third weekday of each month, 8:30 am.
Analysis Period Comparison with previous month.
Composition
of PMI – Services (%) New orders (within the company) 35
Business activity (within the company) 25
Employment (within the company) 20
Suppliers’ Delivery Times 20
Other leading indicators
(not included in PMI – Services) Backlog of Orders
Suppliers’ intermediate goods prices
Planned business activity next six months
Objective Quick economic indicator
Simple statistics
Statistics with relatively short publication intervals
Constant contact with a well-informed professional group
Calculation According to “diffusion index”. Positive changes are noted in percent for
the four sub indexes. The percentage of unchanged replies, multiplied by
0.5, is added to this figure. Then the different sub indexes are weighted as
described above to reach the total index. The Purchasing Managers’
Index – Services does not indicate activity levels but rather monthly
changes in activity in the service sector.
“Break-even” The dividing line between growth and decline – in line with US praxis –
has been drawn at a total index of 50. However, this boundary or “neutral
growth zone” should not be applied excessively. Rather, “Break-even” at
50 indicates a target value.
We believe we have used reliable sources and procedures to generate and analyze the Purchasing Managers’ Index (PMI –
Services). However, Swedbank AB (publ) and SILF (earlier Organisationen för Inköp och Logistik, /I&L/ – The Organization
for Purchasing and Logistics) cannot guarantee the accuracy or completeness of the analyses and cannot be responsible for
any errors or omissions in the basic data or processing thereof. The reader should base any decisions on other background
material as well.
Swedbank AB (publ), SILF. their employees, and other coworkers accept no liability whatsoever for any direct or
consequential loss or injury of any kind arising from any errors or omissions in the analyses presented in the Purchasing
Managers’ Index – Services.
4 (4)