Tilliden til økonomien i det svenske erhvervsliv fortsatte sin stigning i august til 87 point. Tilliden er stadig under det normale niveau, men indikatiorerne peger nu på fremgang i økonomien. Beskæftigelser stiger dog ikke så meget som forventet.
Sweden Macro Review: Confidence continues to recover
The Economic Sentiment Indicator (ESI) in Sweden rose further in August to 87.0.
- The consumer confidence rose to 84.4. Households remain concerned regarding the Swedish economy, while expectations about their own financial situation is at normal levels.
- Confidence in the total business sector picked up to 86.4. Sentiment edged up in most business sectors but remain below normal levels across the board.
- Confidence in manufacturing industry stood at 97.7, thus not far from the 100-mark. Order intake improved but is still rather bleak.
- Employment plans have risen markedly from the trough in April but remained unchanged from June, which was a disappointment.
- Households’ inflation expectations dropped, while retailers’ price plans rose.
- All in all, sentiment is recovering. The overall ESI is still below normal but nevertheless points to a rebound in GDP growth, well above most forecasts. There are many risks for weaker developments, but the ESI suggests that there are some upside risks too.
Details:
NIER, August Tendency Survey
Overall economy (ESI): 87.0 (prev. 83.8)
Total business sector: 86.4 (80.9)
Consumer confidence (CCI): 84.4 (prev. 83.8)
Manufacturing industry (MCI): 97.7 (96.5)
Private services sector: 79.6 (73.3)
