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.
Author: Stephen Vogado, Economist