Sweden Economic Sentiment August 2021

Sweden

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.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 3.1% in 2021, unchanged from last month’s forecast, and 4.2% in 2022. Panelists see private consumption growing 4.3% in 2021, which is up 0.1 percentage points from last month’s forecast, and 4.0% in 2022.


Author:, Junior Economist

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Sweden Economic Sentiment August 2021

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


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