Sverige havde i oktober en bedre vækst end ventet, et business-indeks steg til 96,3 point mod 94,5 i september, og forbedringen er sket på stort set alle områder. Forbrugerne er også blevet mindre pessimistiske end tidligere. Men den økonomiske genopretning bliver langvarig og besværlig. Det indikerer tal fra handelspartnere.
Economic sentiment improved in October, for the sixth month in a row
• Brighter signals from all sectors
• Less pessimism among households
Economic sentiment climbed further in October, but the road to recovery is long and winding
The October Business and Consumer surveys from the National Institute of Economic Research signal that economic activity in Sweden continues to pick up. The Economic Tendency Indicator rose to 96.3 in October, from 94.5 in September, which was slightly above our forecast.
In isolation, the survey was a positive surprise, but other data points – not least from trading partners – and mounting corona virus concerns indicate that we are still on a winding path towards recovery.
Brighter signals from all sectors
Business sector sentiment has recovered in recent months. The manufacturing industry and retailers are most optimistic, with confidence indicators above normal.
The confidence indicators for the service and construction sector still point to a weaker sentiment than normal. In October, the improvement in the service sector was attributable to a more positive outlook for future demand and slightly less negative signals for current demand.
Less pessimism among households
Consumer confidence rose slightly in October, chiefly as a consequence of consumers being more optimistic about their personal finances. But consumer confidence still points to a weaker sentiment than normal.
