Sweden: Economic sentiment hits highest reading since February in November
Economic tendency indicator came in at 97.5 in November, up from October’s 96.0. November’s result marked the strongest print since February. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.
The continued improvement in November was driven by strong upticks in manufacturing and construction indicators. Meanwhile, the consumer confidence sub-indicator fell to 88.3 from 89.2 in October, and the business confidence sub-indicator dropped to 94.9 in November from 95.6 in the prior month.