The business sentiment index for total industry in Sweden decreased to 104.8 in November 2018 from a downwardly revised 106.0 in the previous month. It is the lowest reading since August 2016, as confidence deteriorated among service providers (99.6 from 102.3 in October) and constructors (100.7 from 105.4) while it increased for manufacturers (116.2 from 115.3) and retailers (103.1 from 101.2). Business Confidence in Sweden averaged 100 Index Points from 1996 until 2018, reaching an all time high of 119.10 Index Points in November of 2010 and a record low of 65.80 Index Points in March of 2009.
Business Confidence in Sweden is expected to be 108.70 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 102.92 in 12 months time. In the long-term, the Sweden Business Confidence is projected to trend around 106.00 Index Points in 2020, according to our econometric models.