The business sentiment index for total industry in Sweden decreased to 96.6 in August 2019, the lowest since June 2013, from a downwardly revised 97.1 in the previous month, as sentiment deteriorated among manufacturers (94.8 vs 97.1 in July), constructors (100.8 vs 102.6) and retailers (101.5 vs 102.5). Meanwhile, confidence among service providers improved slightly (96.6 vs 96.0). Business Confidence in Sweden averaged 100 Index Points from 1996 until 2019, reaching an all time high of 119.40 Index Points in November of 2010 and a record low of 65.30 Index Points in March of 2009.
Business Confidence in Sweden is expected to be 95.10 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 99.50 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.