The business sentiment index for total industry in Sweden rose to 101.1 in March 2019 from a downwardly revised 98.6 in the prior month. It is the highest reading since December, as sentiment improved among retailers (98.6 from 97.6 in February) and service providers (98.9 from 93.8). On the other hand, confidence weakened among manufacturers (107.5 from 113.0) and constructors (101.5 from 105.8). Business Confidence in Sweden averaged 100 Index Points from 1996 until 2019, reaching an all time high of 119.20 Index Points in November of 2010 and a record low of 65.60 Index Points in March of 2009.
Business Confidence in Sweden is expected to be 99.40 Index 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 98.60 in 12 months time. In the long-term, the Sweden Business Confidence is projected to trend around 102.00 Index Points in 2020, according to our econometric models.