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Sweden Economic Sentiment March 2021

Sweden: Economic sentiment hits over-10-year high in April

The economic tendency indicator came in at 113.4 in April, up from March’s 105.8 and marking the strongest sentiment since February 2011. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The rise in April was driven by a broad-based improvement across all sub-sectors. Meanwhile, the consumer confidence sub-indicator rose to 103.2 in April, pushing into positive territory for the first time in nearly three years (March: 97.4), while the business confidence sub-indicator increased to 112.3 from 101.9 in March.

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