Sweden’s Economic Tendency Indicator rose for a third straight month to 104.7 in July 2026 from an upwardly revised 102.1 in the previous month, marking the highest level since June 2022. The reading signaled a stronger-than-normal business climate, led by manufacturing, which climbed to 107.9 from 105.2 as firms reported more optimistic production plans and stronger order intake in both domestic and export markets. Retail sentiment (112.9 vs 106.5) surged to the highest since March 2022, driven by stronger sales expectations and assessments of current trading conditions. Construction confidence (99.4 vs 97.6) returned to normal level on improved hiring and order book expectations, while services edged up (102.5 vs 102.3). Household confidence also improved (97.1 vs 94.2) as consumers became less pessimistic, though it remained below normal. Meanwhile, business price plans stayed above normal, especially in manufacturing, while inflation expectations for the year ahead eased. source: National Institute of Economic Research (NIER)

Leading Economic Index Sweden increased to 104.70 in July of 2026 over the same month in the previous year. Leading Economic Index in Sweden averaged 100.00 index points from 1996 until 2026, reaching an all time high of 122.80 index points in October of 2021 and a record low of 60.60 index points in April of 2020. This page includes a chart with historical data for Sweden Leading Economic Index. Sweden Economic Tendency Indicator - values, historical data and charts - was last updated on August of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-26 07:00 AM
Economic Tendency Indicator
Jun 101.7 99.9 98.8
2026-07-30 07:00 AM
Economic Tendency Indicator
Jul 104.7 102.1 101.1
2026-08-28 07:00 AM
Economic Tendency Indicator
Aug 104.7 104


Sweden Economic Tendency Indicator
In Sweden, the Economic Tendency Indicator aims to measure current sentiment in the Swedish economy. This indicator is based on the information contained in the confidence indicators for the manufacturing industry, the service sector, the building and civil engineering industry, the retail trade, and consumers. The different sectors have been weighted to reflect their impact on economic activity best: manufacturing 40 percent, services 30 percent, construction 5 percent, retail 5 percent, and consumers 20 percent. The EU uses the same weights to calculate the ESI.
Actual Previous Highest Lowest Dates Unit Frequency
104.70 102.10 122.80 60.60 1996 - 2026 index points Monthly
SA

News Stream
Sweden Economic Confidence Strongest Since 2022
Sweden’s Economic Tendency Indicator rose for a third straight month to 104.7 in July 2026 from an upwardly revised 102.1 in the previous month, marking the highest level since June 2022. The reading signaled a stronger-than-normal business climate, led by manufacturing, which climbed to 107.9 from 105.2 as firms reported more optimistic production plans and stronger order intake in both domestic and export markets. Retail sentiment (112.9 vs 106.5) surged to the highest since March 2022, driven by stronger sales expectations and assessments of current trading conditions. Construction confidence (99.4 vs 97.6) returned to normal level on improved hiring and order book expectations, while services edged up (102.5 vs 102.3). Household confidence also improved (97.1 vs 94.2) as consumers became less pessimistic, though it remained below normal. Meanwhile, business price plans stayed above normal, especially in manufacturing, while inflation expectations for the year ahead eased.
2026-07-30
Sweden Economic Sentiment Picks Up
Sweden’s Economic Tendency Indicator climbed to 101.7 in June 2026 from an upwardly revised 99.9 in the prior month, marking the highest print since July 2022. Manufacturing confidence hit its highest since December 2022 (105.1 vs 101.4 in May), as all components strengthened, notably inventories, with fewer firms reporting excess stock, while order books improved in both domestic and export markets. Services sentiment edged up (101.9 vs 101.5), lifted by professional activities, while consumer mood rose modestly (93.6 vs 92.8) but stayed below normal. In contrast, construction sentiment slipped (97.3 vs 99.4), reflecting revised employment plans. Retail trade eased (108.4 vs 110.5), though it remained the strongest sector overall. Price plans eased across industries, with fewer firms intending to raise prices, yet levels stayed above normal. Manufacturing was the only sector where price plans remained elevated, while construction and retail declined, and services were unchanged.
2026-06-26
Sweden Economic Sentiment Up Slightly
Sweden’s Economic Tendency Indicator edged up to 99.3 in May 2026 from a seventh-month low of 99.2 in April. Trade remains the only sector where sentiment is stronger than normal (109.1 vs 108.3 in April), due to few firms reporting large inventories, while their assessments of sales volumes over the past three months and expectations for the next three months are also positive. Consumer confidence improved but remained below normal (92.4 vs 91.7). Manufacturing sentiment rose slightly (100.5 vs 100), with production increases matching historical average. Meanwhile, sentiment deteriorated in construction (99.6 vs 100.3), as firms continued to report relatively weak order books, but they expect an increase over the next three months. The same trend was seen in the private services sector (101.3 vs 101.9), amid a still-negative assessment of outstanding business volumes. The share of firms expecting to raise prices over the next three months rose sharply and is now well above normal.
2026-05-28