The skyline in Sweden

Sweden Economic Sentiment November 2022

Sweden: Economic sentiment continues to deteriorate in November

The economic tendency indicator (ETI) deteriorated for a sixth consecutive month in November, coming in at 84.5, marginally down from Octobers 84.8. Novembers result, which reflected a smaller drop then the previous months declines, marked the weakest sentiment since July 2020. As such, the index moved further below the 100-point threshold. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The fall came on the back of a deterioration in the manufacturing, services and construction subsectors confidence indicators. More positively, sentiment in the retail subsector sentiment improved marginally.

Meanwhile, the business confidence subsector indicator dropped to 86.1 in November, down from Octobers 89.2. Conversely, the consumer confidence sub-indicator rose to 55.8, up from the prior months near series low of 50.2.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest