empty
 
 

2020.09.2911:38:00UTC+00Sweden Economic Confidence Strengthens In September

Sweden's economic confidence strengthened further in September as sentiment improved in all industries except construction, monthly data from the National Institute of Economic Research, or NIER, showed Tuesday.

The economic tendency indicator rose to 94.5 in September from 87.6 in the previous month.

The confidence index in manufacturing gained 6.9 points to 94.5 due to more positive production expectations.

The confidence indicator for the building and civil engineering industry fell 4.4 points to 89.5 in September. This was the only index to show weakness in September.

In retail trade, the confidence index gained 7.5 points to 106.9, thanks to increasing optimism about sales volumes.

The confidence index for the service sector climbed 7.5 points to 86.5 in September, but the indicator signaled a very weak situation.

The consumer confidence index 88.3 versus 85.1 in August. Households were more positive about their personal finances and more upbeat about the Swedish economy, especially over the year ahead.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback