Business Confidence in Sweden increased to 68.60 points in June from 58.90 points in May of 2020.

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 56 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 July of 2020. source: National Institute of Economic Research, Sweden

Business Confidence in Sweden is expected to be 69.50 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 85.00 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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Sweden Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
68.60 58.90 118.20 56.00 1996 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-03-26 08:00 AM Mar 91 96.9 89
2020-04-23 07:00 AM Apr 53.1 91.4 82
2020-05-28 07:00 AM May 58.2 55.1 55
2020-06-24 07:00 AM Jun 68.6 58.9 69.5
2020-07-29 07:00 AM Jul 68.6
2020-08-27 07:00 AM Aug
2020-09-29 07:00 AM Sep 79
2020-10-28 08:00 AM Oct

News Stream
Sweden Business Morale at 3-Month High
The total industry confidence indicator in Sweden increased to 68.6 in June of 2020 from an upwardly revised 58.9 in the previous month. It was the highest reading since March, as confidence improved among manufacturers (89.1 vs 76.4 in May); constructors (83.3 vs 79.3) and retailers (83.2 vs 76.5).
Sweden Business Confidence Bounces from Record Low
The total industry confidence indicator in Sweden rose to 58.2 in May of 2020 from an upwardly revised 55.1 in April which was a record low reading due to disruptions caused by Covid-19 pandemic. After record falls in April, manufacturers (76.8 from 71.4) and retailers (77.4 from 74.4) were slightly less pessimistic in May but confidence remained at record-low levels. Confidence among constructors deteriorated (79 from 87.6).
Sweden Business Morale Hits Record Low in April
The total industry confidence indicator in Sweden slumped 38.3 points from a month earlier to 53.1 in April of 2020, the lowest level on record, due to disruptions caused by Covid-19 pandemic. Confidence deteriorated sharply among service providers (-37.6 points to 47.8), followed by retailers (-31 points to 87.0), manufacturers (-30.3 points to 70.5) and constructors (-9.2 points to 87.0).
Swedish Business Confidence Tumbles to 7-Year Low
The total industry confidence indicator in Sweden dropped 5.9 points from a month earlier to 91.0 in March 2020, the lowest since April 2013, as the Covid-19 crisis escalated. Confidence in the service sector deteriorated sharply (-6.1 points to 85.3), followed by sentiment among manufacturers (-3.7 points to 100.7), retailers (-3.2 points to 104.9) and constructors (-1.2 points to 99.7).

Sweden Business Confidence
In Sweden, the confidence indicator for the business sector is intended to provide a quick qualitative indication of actual outcomes, current situation and future expectations of Swedish companies. The variables in the survey include new orders, output, and employment. The survey covers 6,000 firms in the business sector.