Sweden: Economic sentiment falls in December
December 18, 2019
The economic tendency indicator decreased to 93.3 points in December, down from the revised 94.6-point reading in November (previously reported: 94.7 points). Values above 100 indicate stronger economic growth than normal, while values below 100 indicate weaker than normal economic growth.
December’s decrease was largely due to lower confidence among service and manufacturing businesses. On the other hand, confidence among consumers increased in December.
Author: Edward Gardner, Economist