Economic Tendency Survey, July 2010
The Economic Tendency Indicator fell 0.3 points from 111.6 to 111.3 between June and July this year. However, it remains at a level signalling considerably stronger than normal business and consumer sentiment.
Business: Industry forecasts more subdued growth for next few months
The confidence indicator for the business sector rose 12 points between the first and second quarter this year. The indicator has risen over 50 points in just over a year and is well above the historic average.
Consumer: Household interest rate expectations rose in July
The Consumer Confidence Indicator (CCI), which measures confidence in personal finances and the Swedish economy, rose 1.3 points to 23.3 in July. This level means that confidence in the economic situation is considerably more positive than normal. Both the Macro Index and the Micro Index increased somewhat in July. The Macro Index rose 0.8 points to 37.6, while the Micro Index rose 0.3 points to 8.3.
Read more at www.konj.se
For more information contact:
Roger Knudsen, Director of Economic Tendency Survey phone: +46-8 453 59 06 or +4670-491 36 04
Maria Andersson, Director of Consumer Tendency Survey phone: +46-8 453 59 52
Sarah Hegardt Grant, Head of Communications phone: +46-8-453 59 11