Sweden Economic Sentiment September 2020


Sweden: Economic sentiment picks up in September

September 29, 2020

The economic tendency indicator rose to 94.5 in September from August's 87.6. September's result marked the best reading since March. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The continued improvement in September was broad-based, with the consumer confidence sub-indicator rising to 88.3 from 85.1 in August, and the business confidence sub-indicator rising to 93.6 in September from 86.3 in the prior month.

FocusEconomics Consensus Forecast panelists see fixed investment dropping 5.2% in 2020, up 1.9 percentage points from last month’s forecast, before rising 3.5% in 2021, which is up 0.1 percentage points from last month’s projection. Panelists see private consumption dropping 4.6% in 2020, which is down 0.2 percentage points from last month’s forecast, before increasing 3.8% in 2021, which is up 0.4 percentage points from last month.

Author:, Economist

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Sweden Economic Sentiment Chart

Sweden Economic Sentiment September 20 20

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

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