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Tuesday, a report by Statistics Sweden said the services output dropped a working day adjusted 5% year-on-year in July. Unadjusted, output volume fell 4.9%.
Excluding real estate activities, services output fell 5.3% on a working adjusted basis and was down 5.2% on an unadjusted basis.
Among the services sub sectors, professional, scientific and technical activities showed the biggest drop in volume on an adjusted basis, falling 15.3%, followed by a 14.8% fall in wholesale trade, excluding motor vehicles and motor cycles.
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