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Sweden Economic Sentiment April 2023

Sweden: Economic sentiment ticks down in April

The economic tendency indicator (ETI) halted its recent improvements; it dipped to 87.3 in April, down from March’s 88.4. As such, the index moved further below, the 100-point threshold. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.

The downtick chiefly reflected worsening sentiment in the retail and services sectors. Moreover, optimism in the manufacturing industry moderated. These developments more than offset impriving sentiment in the contruction sector.

Meanwhile, the business confidence subsector indicator dropped to 89.3 in April, down from the prior onth’s 91.5. Conversely, the consumer confidence sub-indicator rose to 65.1 in April, up from March’s 63.8 reading.

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