Sweden Economic Sentiment June 2022

Sweden

Sweden: Economic sentiment deteriorates but remains optimistic in June

June 29, 2022

The economic tendency indicator (ETI) moderated to 105.9 in June, down from May's 110.3. June's result marked the weakest performance 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 came on the back of a deterioration in both the manufacturing and retail subsectors confidence indicators. Meanwhile, the business confidence subsector indicator dropped to 111.6 in June, down from May’s 114.7. Similarly, the consumer confidence sub-indicator fell to 65.5, down from the prior month’s 71.3

FocusEconomics Consensus Forecast panelists see fixed investment increasing 2.1% in 2022, down 0.8 percentage points from last month’s forecast, and 1.9% in 2023. Panelists see private consumption growing 2.9% in 2022, which is down 0.1 percentage points from last month’s forecast, and 1.4% in 2023.


Author:, Economist

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Sweden Economic Sentiment June 2022

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


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