The business sentiment index for total industry in Sweden fell to 100.3 in January of 2019 from a downwardly revised 103.4 in December. It is the fourth straight monthly decline, bringing business confidence to the lowest since August of 2013. Sentiment deteriorated among service providers (95.8 from 98.3 in December), retailers (100.7 from 103.1) and manufacturers (111.3 from 115.3) but rose among constructors (102.3 from 101). Business Confidence in Sweden averaged 100 Index Points from 1996 until 2019, reaching an all time high of 119.10 Index Points in November of 2010 and a record low of 65.70 Index Points in March of 2009.
Business Confidence in Sweden is expected to be 105.40 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Sweden to stand at 107.00 in 12 months time. In the long-term, the Sweden Business Confidence is projected to trend around 106.00 Index Points in 2020, according to our econometric models.