Sweden: Economic sentiment records joint five-month low in September
Latest reading: Economic sentiment fell to 94.4 in September from August’s 95.6. September’s result marked the joint-worst reading since March. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print chiefly reflected weaker sentiment in the industrial and construction sectors. More positively, confidence in the services and retail sectors improved, and consumer sentiment was healthier in September.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index rose in September.