Financial News: Sweden Economic Sentiment Remains Weaker Than Normal

Sweden Economic Sentiment Remains Weaker Than Normal

09/26/2024 - 09:04:00 (RTTNews)

(RTTNews) - Sweden's economic confidence continued to remain weaker than normal in September despite rising slightly since August, survey results published by the National Institute of Economic Research showed on Thursday.

The economic tendency index edged up to 94.9 in September from 94.6 in August. Nonetheless, the index was still below the normal level of 100.

Sentiment has been comparatively stable since April, with the Economic Tendency Indicator largely unchanged, the survey said.

The index measuring confidence in manufacturing fell by 2.4 points to 94.2 in September as firms reported a further decline in orders from both the domestic and the export markets.

The morale for the construction also weakened to 95.4 in September versus 97.9 in August. Meanwhile, the confidence indicator for the service sector rose to 95.1 from 93.1 in the previous month.

The survey showed that consumer confidence improved to a 33-month high of 99.5 from 97.0 in August. The rise in confidence was driven by the strengthening financial conditions of households and their opinion regarding the Swedish economy.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Unexpectedly Unchanged In September (01 hr(s), 47 min(s), 37 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

India Industrial Output Shrinks 0.1% In August (01 hr(s), 50 min(s), 37 sec(s) ago)
(RTTNews) - India's industrial production declined slightly in August, largely led by weaker m ...Full Story»

Turkey Retail Sales Growth Strongest In 5 Months (04 hr(s), 44 min(s), 37 sec(s) ago)
(RTTNews) - Turkey's retail sales increased at the quickest pace in five months in August, the ...Full Story»

Romania Inflation Eases To 4.6%, Lowest In Over 3 Years (05 hr(s), 38 min(s), 37 sec(s) ago)
(RTTNews) - Romania's consumer price inflation moderated further in September to the lowest le ...Full Story»

UK Economy Returns To Growth (05 hr(s), 59 min(s), 37 sec(s) ago)
(RTTNews) - The UK economy returned to growth in August but the pace of expansion was weaker than ...Full Story»

Swiss Consumers Less Pessimistic In September (06 hr(s), 21 min(s), 37 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained less negative in August, survey results from ...Full Story»

Dutch Exports Fall 2.1% In August (06 hr(s), 40 min(s), 37 sec(s) ago)
(RTTNews) - Exports in the Netherlands decreased in August after recovering in the previous month, ...Full Story»

Bank Of Korea Cuts Key Rate For First Time In More Than 4 Years (07 hr(s), 27 min(s), 37 sec(s) ago)
(RTTNews) - The Bank of Korea lowered its base rate for the first time in more than four years on ...Full Story»