Business confidence down but still in positive territory
The Economic Tendency Indicator fell for a fourth successive month in May but still points to somewhat stronger sentiment than normal. This optimism is limited to the business sector, however, as households are more pessimistic than normal, their view of both their personal finances and the Swedish economy weakening in May.Firms remain relatively positive about demand. Recruitment plans, which have been above the historical average since autumn 2013, point to increased employment in the business sector over the next three months. All sectors report more optimistic recruitment plans