Sweden Economic Sentiment March 2018

Sweden

Sweden: Economic sentiment continues to drop in March, but remains strong

March 27, 2018

The economic tendency indicator declined from a revised 109.4 in February (previously reported: 109.5) to 108.4 in March, according to the National Institute of Economic Research (NIER). Although the indicator has now fallen for four straight months, it remains elevated. Values above 100.0 indicate stronger economic growth than normal, while values above 110.0 indicate much stronger growth than normal.

March’s dip was driven by lower optimism in the services sector, on softer signs for business activity in recent months. Consumers also grew less optimistic, although sentiment among consumers remained slightly above normal. Sentiment in the manufacturing sector was relatively unchanged month-on-month, while businesses in the building and civil engineering industry turned more positive. In the retail sector, sentiment was largely unchanged.

Sweden Fixed Investment Forecast


FocusEconomics Consensus Forecast panelists see fixed investment growing 4.3% in 2018 and 2.9% in 2019. The panelists see private consumption expanding 2.3% in 2018 and 2.1% in 2019.


Author:, Economist

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Sweden Consumer Confidence March 2018 0

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


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