Sweden: Economic sentiment eases in August from July's all-time high
August 27, 2021
The economic tendency indicator (ETI) decreased marginally in August, easing to 121.1 from July’s record high of 121.9, but still remained at a historically high level. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.
The slight drop was chiefly due to a fall in the retail and the service subsectors’ confidence indicators. Meanwhile, the consumer confidence sub-indicator rose to 108.6 in August from 106.2 in July, while contrastingly, the business confidence sub-indicator dropped to 118.7 in August from 122.4 in the prior month.
Author: Marta Casanovas , Junior Economist