Sweden: Economic sentiment increases to a nine-month high in February
February 27, 2020
The economic tendency indicator increased to 99.1 points in February from the revised 97.3 points in January (previously reported: 97.1 points), representing a nine-month high. Readings above 100 points indicate stronger economic growth than normal, while readings below 100 points indicate weaker economic growth than normal.
The increase in February was largely due to an improvement in consumers’ assessments of their personal finances. Moreover, business confidence in the manufacturing sector increased in February. However, weighing on the reading, business confidence among service providers moderated.
Author: Edward Gardner, Economist