Sweden: Economic sentiment pushes into positive territory in February
February 25, 2021
Economic tendency indicator came in at 103.6 in February, up from January’s 100.9. February's result marked the strongest sentiment since April 2019. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.
The rise in January was driven by improving indicators for the retail and service sub-sectors. Meanwhile, the consumer confidence sub-indicator rose to 97.5 in February from 94.4 in January, while the business confidence sub-indicator increased to 100.2 in February from 96.7 in the prior month and marking the first above-100 reading since July 2019.
Author: Stephen Vogado, Economist