Sweden: Economic sentiment picks up in April
Economic sentiment rose to 94.3 in April from March’s 93.2. April’s result marked the best performance since August 2022. Despite the uptick, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial and construction sectors. Moreover, confidence in the services and retail sectors strengthened in April. Finally, consumer sentiment improved in April.
Referring to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index fell in April.