Financial News: Swedish Economic Confidence Weakens In June

Swedish Economic Confidence Weakens In June

06/26/2025 - 04:25:00 (RTTNews)

(RTTNews) - Sweden's economic confidence decreased in June to the lowest level in more than a year, survey results published by the National Institute of Economic Research showed on Thursday.

The economic tendency index dropped to 92.8 in June from 94.5 in the previous month. This was the lowest score since March 2024, when it was also the same 92.8.

The sentiment weakened across all sectors, with the service sector contributing most to the decline, the NIER said.

The index measuring confidence in the service sector declined to 92.9 in June from 95.5 in May. Service firms are more negative than usual, both regarding demand developments over the past three months and their expectations for future demand.

The morale for the manufacturing sector dropped to 99.3 from 99.3, though it remained closer to the historical average.

There was also a fall in confidence in construction, which worsened to 98.9 from 100.6. The confidence indicator for the trade sector dropped sharply to 96.3 from 103.7.

The survey showed that the consumer confidence index improved to 84.6 in June from 83.6 in May. The increase in June can be attributed to a less pessimistic outlook on Sweden's economy. However, a reading below 100 indicates pessimism among households.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Russia Slashes Interest Rates Again On Easing Price Pressures (07 hr(s), 45 min(s), 58 sec(s) ago)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story»

UK Retail Sales Rebound As Warm Weather Boosts Spending (09 hr(s), 12 min(s), 58 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story»

Eurozone Bank Lending Growth Improves (10 hr(s), 05 min(s), 58 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story»

Russia Central Bank Cuts Interest Rate By 200 Bps (11 hr(s), 06 min(s), 58 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story»

German Business Sentiment Strongest In More Than A Year (11 hr(s), 44 min(s), 58 sec(s) ago)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story»

French Consumer Sentiment Improves Marginally (12 hr(s), 34 min(s), 58 sec(s) ago)
(RTTNews) - French consumer confidence improved marginally in July, monthly survey results from th ...Full Story»

Singapore Industrial Production Recovers In June (14 hr(s), 05 min(s), 58 sec(s) ago)
(RTTNews) - Singapore's industrial production growth accelerated in June, figures from Economi ...Full Story»

UK Retail Sales Recover In June (15 hr(s), 02 min(s), 58 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted food and non-food store sale ...Full Story»