Sweden Economic Sentiment August 2019

Sweden

Sweden: Economic sentiment deteriorates to over six-year low in August

August 28, 2019

The economic tendency indicator fell to 94.9 points in August from 96.4 points in July, marking the lowest reading since June 2013. Values above 100 indicate strengthening economic growth, while values below 100 indicate weakening growth.

August’s decline was due to lower confidence among both businesses and consumers: The sub-indicator tracking business confidence dropped to 96.6 points in August from 97.1 points in July, while the consumer confidence sub-indicator fell to 94.0 points from 96.5 points. Consumers were less confident about both their own financial situations as well as the bigger economic picture in August.

FocusEconomics Consensus Forecast panelists see fixed investment growing 0.4% in 2019, which is down 0.3 percentage points from last month’s forecast, and 1.2% in 2020.


Author:, Economist

Sample Report

Looking for forecasts related to Economic Sentiment in Sweden? Download a sample report now.

Download

Sweden Economic Sentiment Chart


Sweden Consumer Confidence August 2019 0

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


Sweden Economic News

  • Sweden: Economic sentiment tentatively picks up in May

    May 28, 2020

    The economic tendency indicator picked up to 64.1 in May from a revised 60.0 in April (previously reported: 58.6), which marked the lowest reading since for as long as current records stretch back to 1996.

    Read more

  • Sweden: Comprehensive data shows economy expanded meekly in Q1

    May 28, 2020

    The economy expanded 0.1% in the first quarter of 2020 in seasonally-adjusted terms, according to revised estimates, up from both the preliminary reading of a 0.3% contraction and the flat reading for the fourth quarter of 2019.

    Read more

  • Sweden: Consumer prices decrease in annual terms in April

    May 13, 2020

    Consumer prices with a fixed interest rate (CPIF)—which is closely followed by the Central Bank—decreased 0.3% in April compared to the previous month, down from the 0.2% decrease in March and largely due to lower fuel prices. CPIF prices dropped 0.4% in April compared to the same month a year earlier, contrasting the 0.6% increase in March and tumbling below the Central Bank’s tolerance band of 1.0%–3.0% increases.

    Read more

  • Sweden: Preliminary data shows economy contracted in Q1 2020

    May 5, 2020

    The economy contracted 0.3% in the first quarter of 2020 from the previous quarter in seasonally-adjusted terms, contrasting the 0.2% expansion recorded in Q4 2019, as the effects of the coronavirus pandemic and associated social distancing measures began to be felt.

    Read more

  • Sweden: Industrial production remains downbeat in March

    May 5, 2020

    Industrial output excluding energy decreased 0.4% month-on-month in seasonally-adjusted terms in March, down from the revised 0.2% decrease in February (previously reported: -0.3% month-on-month).

    Read more

More news

Search form