Sweden: Economic sentiment falls to an eight-month low in October
Latest reading: Economic sentiment came in at 92.6 in October, down from September’s 94.3. October’s result marked the weakest sentiment since February. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected dampened confidence in the services sector and among consumers, as well as deteriorating sentiment in the industrial sector. That said, sentiment in the construction sector improved. Meanwhile, confidence in the retail sector was unchanged in October.
Regarding indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index improved in October.