Sweden: Economic sentiment remains elevated in September
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.