Sweden: Economic sentiment improves in May
The economic tendency indicator (ETI) resumed its upward trend in May; it rose to 89.4, up from April’s 87.3, marking the best reading since September 2022. As such, the index moved closer to, but remained below, the 100-point threshold. Readings above 100 indicate stronger economic growth than normal, while readings below 100 indicate weaker economic growth than normal.
The uptick chiefly reflected improving sentiment across all sectors—manufacturing, retail, services and building construction.
Meanwhile, the business confidence subsector indicator increased to 90.6 in May, up from April’s 89.2. Similarly,the consumer confidence sub-indicator rose to 69.5 in May, up from the previous month’s 65.8 reading.