Manufacturing indicator goes from strength to strength
The Economic Tendency Indicator climbed from 110.5 in August to 113.8 in September, its six successive month above 110, a level that indicates much stronger growth than normal in the Swedish economy. The rise in September was due mainly to even stronger signals from manufacturing, where confidence hit a new high. The other parts of the business sector made a slightly negative contribution to the overall indicator, and consumers’ view of the economy improved only marginally.The confidence indicator for the manufacturing industry jumped 8.2 points to a new high, due mainly to a sharp upward