Economic tendency indicator still strong
The Economic Tendency Indicator fell from 112.3 in July to 110.7 in August, but remains above 110 and so still points to much stronger sentiment than normal in the Swedish economy. The main reason for the decrease was a fall in the manufacturing indicator. The manufacturing indicator was nevertheless the strongest of the business sector indicators for a fifth successive month and continues to paint the picture of an unusually strong situation in the industry. The retail trade also contributed to the drop in the overall confidence indicator, as did consumers, whose optimism fell back to the