Sweden: Economic sentiment declines again in November
November 28, 2018
The economic tendency indicator fell from a revised 107.6 in October (previously reported: 108.0) to 106.7 in November, marking the second consecutive monthly decline. However, the index remains elevated; values above 100.0 indicate stronger economic growth than normal, while values above 110.0 indicate much stronger growth than normal.
November's decline came on the back of reduced optimism in the construction and services industries, with the confidence indicator for the service sector moving below its historical average for the first time in several years. In contrast, firms in the manufacturing and retail industries grew more positive.
In line with firms’ gloomier outlook, consumer sentiment worsened in November, and now rests below the long-run average.
Sweden Fixed Investment Forecast
FocusEconomics Consensus Forecast panelists see fixed investment growing 1.9% in both 2019 and 2020.
Author: Oliver Reynolds, Economist