Sweden Economic Sentiment October 2020

Sweden

Sweden: Economic sentiment picks up in October

October 29, 2020

The economic tendency indicator came in at 96.3 in October, up from September's 94.5. October's result marked the best performance since February. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The continued improvement in October was broad-based, with the consumer confidence sub-indicator rising to 90.0 from 88.4 in September, and the business confidence sub-indicator rising to 95.7 in October from 93.8 in the prior month.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 3.4% in 2021, down 0.1 percentage points from last month’s forecast, and 3.5% in 2022. Panelists see private consumption growing 4.1% in 2021, which is up 0.3 percentage points from last month’s forecast, and 2.8% in 2022.


Author:, Economist

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Sweden Economic Sentiment October 20 20

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


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