Sweden: Economic sentiment moderates in November
The economic tendency indicator (ETI) fell in November to 118.0 from 119.9 in October. 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 manufacturing and service subsector confidence indicators. Meanwhile, the consumer confidence sub-indicator dropped to 99.7 in November from 102.9 in October, while the business confidence sub-indicator dropped to 118.4 in November from 119.3 in the prior month.