Sweden Economic Sentiment May 2022


Sweden: Economic sentiment picks up in May

May 25, 2022

The economic tendency indicator (ETI) rose to 110.5 in May from April's 109.4. As such, the index moved further above the 100-point threshold. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The rise came on the back of an improvement in the manufacturing and retail subsectors confidence indicators. Meanwhile, the business confidence subsector indicator rose to 115.1 in May, up from April’s 114.5. Conversely, the consumer confidence sub-indicator fell to 70.4 in May, down from the prior month’s 74.5.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 3.1% in 2022, down 1.1 percentage points from last month’s forecast, and 2.7% in 2023. Panelists see private consumption growing 3.4% in 2022, which is down 0.3 percentage points from last month’s forecast, and 2.1% in 2023.

Author:, Economist

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Sweden Economic Sentiment Chart

Sweden Economic Sentiment May 2022

Note: Economic Tendency Survey Indicator.
Source: National Institute of Economic Research (NIER).

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