Sweden Economic Sentiment October 2021

Sweden

Sweden: Economic sentiment improves in October

October 28, 2021

The economic tendency indicator (ETI) increased slightly in October, rising to 120.0 from 119.4 in September, and so pushed back towards the historically high level hit in July. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The slight rise was mainly due to a rise in the manufacturing and retail subsector confidence indicators. Meanwhile, the consumer confidence sub-indicator eased to 103.1 in October from 106.6 in September, while contrastingly, the business confidence sub-indicator inched up to 119.5 in October from 118.4 in the prior month.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 4.4% in 2022, up 0.2 percentage points from last month’s forecast, and 2.2% in 2023. Panelists see private consumption growing 4.0% in 2022, which is unchanged from last month’s forecast, and 2.4% in 2023.


Author:, Economist

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Sweden Economic Sentiment Chart


Sweden Economic Sentiment October 2021

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


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