Sweden Economic Sentiment September 2018

Sweden

Sweden: Economic sentiment remains elevated in September

September 27, 2018

The economic tendency indicator inched up from a revised 111.6 in August (previously reported: 111.5) to 111.7 in September. Values above 100.0 indicate stronger economic growth than normal, while values above 110.0 indicate much stronger growth than normal.

September's uptick came on the back of greater optimism in the retail and services industries, which was partially offset by lower optimism in the manufacturing sector. Confidence in the construction sector was largely unchanged from August.

In line with firms’ rosier outlook, consumer sentiment improved for the fourth month in succession in September, largely due to a greater willingness to make major purchases.

FocusEconomics Consensus Forecast panelists see fixed investment growing 4.1% in 2018 and 1.9% in 2019. The panel sees private consumption expanding 2.5% in 2018 and 2.1% in 2019.


Author:, Economist

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Sweden Consumer Confidence September 2018

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


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