Sweden: Economic sentiment dips in October but stays solid
October 25, 2018
The economic tendency indicator fell from a revised 111.2 in September (previously reported: 111.7) to 108.0 in October. Values above 100.0 indicate stronger economic growth than normal, while values above 110.0 indicate much stronger growth than normal.
October's decline came on the back of reduced optimism in the manufacturing, construction, retail and services industries. However, all sectors remained in optimistic territory, with manufacturers by far the most optimistic.
In line with firms’ gloomier outlook, consumer sentiment worsened in October, largely due to consumers’ greater pessimism regarding the outlook for the Swedish economy over the year ahead.
Author: Oliver Reynolds, Economist