Sweden Economic Sentiment April 2022


Sweden: Economic sentiment deteriorates but remains optimistic in April

April 28, 2022

The economic tendency indicator (ETI) came in at 109.5 in April, down from March's 110.3. April's result marked the weakest sentiment since March 2021. As such, the index moved closer to, but remained 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 fall was largely due to a fall in the retail subsector confidence indicator. Meanwhile, the consumer confidence sub-indicator increased to 74.9 in April from 73.3 in March, while the business confidence sub-sector indicator fell to 114.6 in April from 115.0 in the prior month.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 4.2% in 2022, down 0.4 percentage points from last month’s forecast, and 2.5% in 2023. Panelists see private consumption growing 3.7% in 2022, which is down 0.2 percentage points from last month’s forecast, and 2.3% in 2023.

Author:, Economist

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Sweden Economic Sentiment Chart

Sweden Economic Sentiment April 2022 0

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

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