Sweden Economic Sentiment February 2020

Sweden

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.

FocusEconomics Consensus Forecast panelists see fixed investment growing 0.4% in 2020, unchanged from last month’s forecast, and 1.6% in 2021.


Author:, Economist

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Sweden Economic Sentiment Chart


Sweden Consumer Confidence February 20 20

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


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