Business confidence in Sweden increased to 115.1 points in May of 2022 from a downwardly revised 114.5 in the previous month. Sentiment improved among manufacturers (125.5 vs 121.3), due to low stock levels and strong order books; and retailers (112.1 vs 110.5) amid stronger expectations for sales volumes in the coming months. On the other hand, sentiment was little changed for service providers (109.7). Firms in the hotel and restaurant industry have been hit hard in recent years, but their view of business volumes has improved strongly over the past three surveys and has not been as positive since 2008. Finally, sentiment fell for constructors (108.2 vs 107), as firms were less positive about their order books. source: National Institute of Economic Research, Sweden
Business Confidence in Sweden averaged 100.13 points from 1996 until 2022, reaching an all time high of 120.30 points in July of 2021 and a record low of 56.60 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 June of 2022.
Business Confidence in Sweden is expected to be 108.00 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 106.00 points in 2023, according to our econometric models.