Sweden Economic Sentiment August 2020

Sweden

Sweden: Economic sentiment hits highest reading since March in August

August 27, 2020

The economic tendency indicator rose to 87.0 in August from July's 83.8. August's result marked the strongest reading since March. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The continued improvement in August was broad-based, with the consumer confidence sub-indicator rising to 84.4 from 83.8 and the business confidence sub-indicator rising to 79.6 from 73.3.

FocusEconomics Consensus Forecast panelists see fixed investment dropping 7.1% in 2020, up 0.4 percentage points from last month’s forecast, before rising 2.1% in 2021. Panelists see private consumption dropping 4.8% in 2020, which is up 0.2 percentage points from last month’s forecast, before increasing 3.5% in 2021.


Author:, Economist

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Sweden Economic Sentiment Chart


Sweden Economic Sentiment August 20 20 0

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


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