Sweden’s business confidence barometer eased to 106.4 in January 2026 from a 3-1/2-year high of 107.4 in December, ending a six-month sequence of improvements while continuing to indicate elevated sentiment. Confidence fell noticeably in construction (97.6 vs 99.9 in November), explained by more pessimistic employment plans, while the other sectors only saw small decreases. The confidence indicator for the trade sector fell slightly to 109.6 from 110.2 but is still the highest in the survey. Sentiment in manufacturing (103.6 vs 103.8) remains stronger than normal but was dampened by a more pessimistic assessment of the size of the order book. Confidence among service providers declined (105.3 vs 106.1) mainly due to a less optimistic outlook for demand for firms’ services over the coming three months. source: National Institute of Economic Research, Sweden

Business Confidence in Sweden decreased to 106.40 points in January from 107.40 points in December of 2025. Business Confidence in Sweden averaged 100.02 points from 1996 until 2026, reaching an all time high of 121.30 points in October of 2021 and a record low of 57.60 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 February of 2026.

Business Confidence in Sweden decreased to 106.40 points in January from 107.40 points in December of 2025. Business Confidence in Sweden is expected to be 100.00 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 100.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-19 08:00 AM
Business Confidence
Dec 107.4 105.5 106
2026-01-29 08:00 AM
Business Confidence
Jan 106.4 107.4 107
2026-02-26 08:00 AM
Business Confidence
Feb 106.4 105


Related Last Previous Unit Reference
Bankruptcies 864.00 990.00 Companies Jan 2026
Business Confidence 106.40 107.40 points Jan 2026
Industrial Inventories 3464.51 2327.06 SEK Million Sep 2025
Capacity Utilization 88.80 89.00 percent Sep 2025
Car Registrations 16041.00 23877.00 Units Jan 2026
Changes in Inventories 11800.00 7438.00 SEK Million Sep 2025
Corruption Index 80.00 80.00 Points Dec 2025
Corruption Rank 6.00 8.00 Dec 2025
Electricity Production 16906.75 15397.17 Gigawatt-hour Dec 2025
Industrial Production YoY 4.20 3.10 percent Dec 2025
Industrial Production MoM 5.10 -0.30 percent Dec 2025
Manufacturing Production 4.20 2.30 percent Dec 2025
Mining Production 7.30 26.40 percent Dec 2025
Natural Gas Stocks Capacity 0.08 0.08 TWh Feb 2026
Natural Gas Stocks Injection 0.00 0.00 GWh/d Feb 2026
Natural Gas Stocks Inventory 0.04 0.04 TWh Feb 2026
Natural Gas Stocks Withdrawal 1.70 0.00 GWh/d Feb 2026
New Orders YoY 122.40 120.40 points Dec 2025


Sweden Business Confidence
In Sweden, the confidence indicator for the business sector is intended to provide a quick qualitative indication of actual outcomes, current situation and future expectations of Swedish companies. The variables in the survey include new orders, output, and employment. The survey covers 6,000 firms in the business sector.
Actual Previous Highest Lowest Dates Unit Frequency
106.40 107.40 121.30 57.60 1996 - 2026 points Monthly

News Stream
Sweden Business Confidence Wanes But Still Elevated
Sweden’s business confidence barometer eased to 106.4 in January 2026 from a 3-1/2-year high of 107.4 in December, ending a six-month sequence of improvements while continuing to indicate elevated sentiment. Confidence fell noticeably in construction (97.6 vs 99.9 in November), explained by more pessimistic employment plans, while the other sectors only saw small decreases. The confidence indicator for the trade sector fell slightly to 109.6 from 110.2 but is still the highest in the survey. Sentiment in manufacturing (103.6 vs 103.8) remains stronger than normal but was dampened by a more pessimistic assessment of the size of the order book. Confidence among service providers declined (105.3 vs 106.1) mainly due to a less optimistic outlook for demand for firms’ services over the coming three months.
2026-01-29
Sweden Business Confidence at 3 ½-Year High
Sweden’s business confidence barometer strengthened to 107.4 in December 2025 from a downwardly revised 105.5 in the previous month. This marked the sixth consecutive month of increase and the highest reading since June 2022, driven by stronger sentiment across all sectors. However, companies continue to report weak demand (-24 vs -26 in November), with trade the only sector where demand is in line with its historical average. Employment levels in the business sector have remained broadly unchanged over the past three months (-3 vs -4), consistent with historical norms, although firms expect to expand their workforce somewhat more than usual in the period ahead (7 vs 6). Meanwhile, businesses continue to expect above-normal increases in sales prices over the next three months (15 vs 14), with these expectations largely unchanged since June 2025.
2025-12-19
Sweden Business Morale Highest Since 2022
Sweden’s business confidence barometer rose to 105.8 in November 2025 from an upwardly revised 104.5 in the previous month. This marked the highest reading since July 2022, driven mainly by stronger sentiment in the construction and service sectors. Companies’ assessments of demand (-25 vs -27 in October) improved across all sectors, though they remain below normal levels, with the exception of trade, where the outlook for sales is in line with the norm. Meanwhile, employment slightly declined over the past three months (-4 vs -5), but firms anticipate workforce growth in the coming quarter (7 vs 3), particularly in construction. Expectations for sales prices are also projected to rise more than usual over the next three months (14 vs 14).
2025-11-27