Sweden Economic Sentiment December 2021

Sweden

Sweden: Economic sentiment moderates in December

December 21, 2021

The economic tendency indicator (ETI) fell in December to 117.1 from 117.6 in November. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The slight fall was mainly due to a decline in the retail and service subsector confidence indicators. Meanwhile, the consumer confidence sub-indicator dropped to 98.7 in December from 99.5 in November, while the business confidence sub-indicator dropped to 116.3 in December from 118.0 in the prior month.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 4.4% in 2022, unchanged from last month’s forecast, and 2.1% in 2023. Panelists see private consumption growing 3.9% in 2022, which is down 0.1 percentage points from last month’s forecast, and 2.4% in 2023.


Author:, Economist

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Sweden Economic Sentiment December 2021

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


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