Sweden Economic Sentiment January 2021

Sweden

Sweden: Economic sentiment improves in January, hits neutral threshold

January 28, 2021

Economic tendency indicator came in at 100.0 in January, up from December's 95.9. January's result marked the strongest sentiment since February 2020. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The rise in January was driven by improving indicators for the manufacturing and service sub-sectors. Meanwhile, the consumer confidence sub-indicator rose to 93.1 in January from 92.0 in December, while the business confidence sub-indicator increased to 96.0 in January from 92.7 in the prior month.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 2.9% in 2021, unchanged from last month’s forecast, and 4.0% in 2022. Panelists see private consumption growing 3.4% in 2021, which is down 0.6 percentage points from last month’s forecast, and 3.3% in 2022.


Author:, Economist

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Sweden Economic Sentiment January 2021

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


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