FOREX TradingCharts.com

Financial News: Sweden Economic Sentiment Lowest Since Early 2021

Sweden Economic Sentiment Lowest Since Early 2021

07/28/2022 - 09:00:00 (RTTNews)

(RTTNews) - Sweden's economic confidence deteriorated to the lowest level in one-and-a-half years in July, survey results published by the National Institute of Economic Research showed on Thursday.

The economic tendency index dropped to 101.3 in July from 105.7 in the previous month. This was the lowest score since January 2021.

All sectors except construction contributed to the decline. The consumer and retail indicators registered more than 10 points fall, and the consumer indicator plunged again from a record low.

The consumer confidence indicator sank to 54.1 in July from 66.5 in June. The micro index summarizing consumers' view of their own finances slid 17.3 points to 47.5, while the macro index summarizing their view of the Swedish economy as a whole dropped 4.0 points to 79.3.

The confidence index for the manufacturing industry dropped 1.2 points to 119.4. Meanwhile, the confidence indicator for the building and civil engineering industry rose to 107.1 from 106.6 a month ago.

The confidence indicator for the retail trade slumped 10.6 points to 92.8 in July, due mainly to ever weaker expectations for future sales volumes. At the same time, the confidence indicator for the service sector fell a moderate 1.4 points to 105.4.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: UK Labor Market Data Due (01 hr(s), 20 min(s) ago)
(RTTNews) - Labor market statistics from the UK and economic confidence from Germany are the major ...Full Story»

RBA Sees More Hikes In Process Of Normalizing Monetary Policy: Minutes (01 hr(s), 29 min(s) ago)
(RTTNews) - Policymakers of the Reserve Bank of Australia said more interest rate hikes will be ne ...Full Story»

RBA Minutes On Tap For Tuesday ( ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story»

Swiss Producer And Import Price Inflation Slows In July (30 min(s) ago)
(RTTNews) - Switzerland's producer and import prices increased at a softer pace in July, data ...Full Story»

U.S. Housing Market Index Unexpectedly Drops To Two-Year Low In August (43 min(s) ago)
(RTTNews) - A report released by the National Association of Home Builders on Monday unexpectedly ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Contraction In August (59 min(s) ago)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story»

Slovakia Inflation Rises Slightly In July (57 min(s) ago)
(RTTNews) - Slovakia's consumer price inflation accelerated marginally in July, but remained a ...Full Story»

New York Manufacturing Index Unexpectedly Turns Negative In August (41 min(s) ago)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: UK Labor Market Data Due

08/16/2022 - 01:40 AM (RTTNews)
(RTTNews) - Labor market statistics from the UK and economic confidence from Germany are the major ...Full Story>>

RBA Sees More Hikes In Process Of Normalizing Monetary Policy: Minutes

08/16/2022 - 01:31 AM (RTTNews)
(RTTNews) - Policymakers of the Reserve Bank of Australia said more interest rate hikes will be ne ...Full Story>>

RBA Minutes On Tap For Tuesday

08/15/2022 - 18:00 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story>>

Swiss Producer And Import Price Inflation Slows In July

08/15/2022 - 12:30 PM (RTTNews)
(RTTNews) - Switzerland's producer and import prices increased at a softer pace in July, data ...Full Story>>

U.S. Housing Market Index Unexpectedly Drops To Two-Year Low In August

08/15/2022 - 10:43 AM (RTTNews)
(RTTNews) - A report released by the National Association of Home Builders on Monday unexpectedly ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.