The total industry confidence indicator in Sweden increased by 7.3 points from the previous month to a seven-month high of 93.6 in September 2020, remaining below February's pre-pandemic levels and the long-term average of 100. Sentiment improved among manufacturers (105.8 vs 98.9 in August), service providers (86.5 vs 79.0) and retailers (106.9 vs 99.4), while morale among constructors deteriorated (89.5 vs 93.9).
Business Confidence in Sweden averaged 100 points from 1996 until 2020, reaching an all time high of 118.20 points in November of 2010 and a record low of 57 points in April of 2020. This page provides the latest reported value for - Sweden Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: National Institute of Economic Research, Sweden
Business Confidence in Sweden is expected to be 82.50 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 88.00 in 12 months time. In the long-term, the Sweden Business Confidence is projected to trend around 91.00 points in 2021 and 95.00 points in 2022, according to our econometric models.