The total industry confidence indicator in Sweden jumped to 122.9 in July of 2021 from an upwardly revised 118.9 in June. It is the highest reading ever, as sentiment improved among manufacturers (to a record 129.2 vs 125.1 in June), due chiefly to firms’ view of the size of their stocks having improved further. Firms’ view of their current order books also contributed to the rise, but expectations for production volumes were less optimistic than in June. Sentiment was also higher among traders (123.5 vs 118.1), service providers (115.7 vs 112.8) and constructors (105.8 vs 104.5). source: National Institute of Economic Research, Sweden
Business Confidence in Sweden averaged 100.05 points from 1996 until 2021, reaching an all time high of 122.90 points in July of 2021 and a record low of 56.60 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 2021.
Business Confidence in Sweden is expected to be 112.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Business Confidence is projected to trend around 111.00 points in 2022 and 106.00 points in 2023, according to our econometric models.