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Service sector cancels out downturn in manufacturing

The Economic Tendency Indicator again changed only marginally, edging down from 101.9 in February to 101.7 in March, and still signals slightly stronger sentiment than normal in the economy.The confidence indicator for the manufacturing industry fell 5.5 points, moving below 110 for the first time in more than two years. The question that contributed most to the decline was expectations for production over the next three months, which dropped below normal. The confidence indicator for the building and civil engineering industry gained 1.2 points and is still above the historical average.

Manufacturing continues to prop up tendency indicator

The Economic Tendency Indicator climbed marginally from 102.0 in January to 102.4 in February and continues to show slightly stronger sentiment than normal in the economy. It is, however, almost exclusively further strong signals from manufacturing that are keeping the indicator above the historical average.The confidence indicator for the manufacturing industry rebounded somewhat in February after falling for four months and still points to a much stronger situation than normal, thanks to strength in consumer goods, especially non-durables such as foods and pharmaceuticals. The

Broad-based decline in confidence in January

The Economic Tendency Indicator fell for a fourth month from 105.6 in December to 101.9 in January following weaker signals from all sectors otherthan construction.The confidence indicator for the manufacturing industry fell 4 points in January and has dropped no fewer than 10 points in five months. It is still above 110, however, a level that points to a much stronger situation than normal. The decline is relatively broad-based, with most of the subsector indicators having fallen. The confidence indicator for the building and civil engineering industry increased marginally for a

The Economic Tendency indicator holds steady in December

The Economic Tendency Indicator held at 106.3 in December. There was also relatively little movement in the various sector indicators, and they continue to paint a mixed picture. Consumers and the service sector, for example, are more pessimistic than normal, while the signals from manufacturing are still unusually strong.The confidence indicator for the manufacturing industry inched up marginally further in December and was already well above normal levels. Manufacturers remain positive about their order books and anticipate strong production growth in the coming months. The confidence

Strong manufacturing industry props up tendency indicator

The Economic Tendency Indicator fell for a second month in November, from 107.6 to 106.7, but still points to stronger sentiment than normal in the economy, thanks mainly to the manufacturing industry.The confidence indicator for the manufacturing industry climbed slightly as a result of firms being even more positive about current order books, especially in the consumer goods industry. On the other hand, firms were less positive about stocks and revised their production plans down slightly further. The confidence indicator for the building and civil engineering industry fell for the

Consumers expect Swedish economy to worsen over the next year

The Economic Tendency Indicator fell from 111.2 in September to 108.0 in October but still points to a stronger situation in the economy than normal. All sectors contributed to the fall.The confidence indicator for the manufacturing industry dropped for a second month but still shows a much stronger situation than normal. The decrease was due to weaker signals from producers of consumer and intermediate goods. The signals from producers of durable goods, on the other hand, were somewhat stronger than in September. The confidence indicator for the building and civil engineering industry

Strong rise in retail and service indicators

The Economic Tendency Indicator changed only marginally in September, edging up to 111.7 from 111.6 in August, and continues to reflect much stronger sentiment than normal in the Swedish economy.Only the confidence indicator for the manufacturing industry declined in September, falling 4.5 points, due primarily to stocks of finished goods being considered slightly too high rather than slightly too low. The decrease in satisfaction with stock levels was confined mainly to consumer goods producers, however, and the indicator continues to point to a very strong situation in the industry.

The Economic Tendency Indicator up for the third consecutive month

The Economic Tendency Indicator continued to rise in August, from 109.7 in July to 111.5. This level indicates a considerably stronger mood than normal in the economy. This is the third month in a row that the indicator has risen.The strong situation within the manufacturing sector is showing no signs of abating. On the contrary, the confidence indicator for the sector rose further in August. Strongest of all are the signals from companies in the pulp and paper industry, as well as from the transport sector. The confidence indicator for construction and civil engineering operations also

Manufacturing at peak capacity

The Economic Tendency Indicator rose from 108.7 in June to 109.6 in July thanks to further strong signals from manufacturing. The indicator continues to show much stronger sentiment than normal in the economy.The confidence indicator for the manufacturing industry climbed again in July and points to an unusually strong situation. The strongest signals came from pulp and paper and other transport equipment. Firms’ view of their current order books and stocks of finished goods contributed to the increase, as did their production plans over the next three months. The confidence indicator

Continued optimism in June

The Economic Tendency Indicator edged up from 108.6 in May to 108.7 in June and continues to reflect strong sentiment in the Swedish economy. However, the high level of the overall indicator is due solely to business confidence, as consumer confidence fell for a seventh successive month and is below the historical average.The confidence indicator for the manufacturing industry fell slightly in June but still points to a much stronger situation than normal. The signals are strong across the various subsectors. The decrease in June was due partly to a slight decline in firms’ historically

Sharp drop in construction indicator

The Economic Tendency Indicator fell from 110.4 in April to 108.8 in May but still points to much brighter sentiment than normal in the economy.The confidence indicator for the manufacturing industry continues to show a very strong situation despite falling slightly in May. Firms are happy with the size of their order books and plan to step up production in the coming months. The confidence indicator for the building and civil engineering industry plummeted 8 points in May to its lowest for almost three years, due mainly to less positive expectations for employment over the next three

Manufacturing and construction lift indicator in april

After falling for four months, the Economic Tendency Indicator climbed 1.6 points in April to 110.4, reflecting much stronger sentiment than normal among Swedish businesses and consumers.The improvement was due mainly to even stronger signals from the manufacturing industry. The manufacturing indicator jumped 5.1 points in April, driven by an upward revision of production plans for the next three months and firms being less unhappy about stocks of finished goods. The building and civil engineering industry also contributed to the overall improvement, its indicator climbing for a second

Consumers less upbeat

The Economic Tendency Indicator fell for a fourth successive month in March from 109.4 to 108.4 but still points to much stronger sentiment than normal in the economy. The decrease was due to a further deterioration in consumer confidence and slightly weaker signals from the service sector.The confidence indicator for the manufacturing industry did not change notably and continues to reflect a very strong situation. Firms’ view of their order books is historically positive, and relatively few are unhappy about excessive stocks. Production plans remain just above the historical average.

Builders and consumers less optimistic

The Economic Tendency Indicator edged down from 110.1 in January to 109.5 in February due to slightly more subdued signals from builders and consumers. The indicator has now fallen for three months in a row, but still points to a much brighter situation than normal in the Swedish economy.Recent months’ decline in the confidence indicator for the manufacturing industry slowed in February. The indicator was almost unchanged from January and points to a very strong situation in the industry. Above all, manufacturers’ view of current orders is much stronger than normal. Production plans for the

Sentiment positive despite weaker signals from manufacturing and service sector

The Economic Tendency Indicator fell from 112.0 in December to 110.2 in January but still points to a much stronger situation than normal in the Swedish economy. The decrease was mainly a result of weaker signals from manufacturing and services. The consumer confidence indicator also edged down, due to a slightly less positive view of the Swedish economy, but consumers’ view of their personal finances improved further.The confidence indicator for the manufacturing industry has fallen relatively far over the past two months but still shows a much stronger situation than normal. The drop in

Manufacturing sentiment stronger than normal despite December fall

The Economic Tendency Indicator fell 1.3 points from 113.8 in November to 112.5 in December but still points to much more positive sentiment than normal in the economy. The fall was down to the manufacturing, construction and retail indicators, while the service indicator gained 2.0 points. Consumers’ view of the economy did not change appreciably in December and remains more positive than normal.The confidence indicator for the manufacturing industry fell 4.2 points in December, but is still at very high levels and continues to show a much stronger situation than normal in the sector. The

Upbeat consumers see low risk of unemployment

The Economic Tendency Indicator climbed from 113.4 in October to 114.1 in November and points to much stronger growth than normal in the Swedish economy. All business sectors other than construction contributed to the rise. The consumer confidence indicator climbed for a second month, due mainly to a more positive view of the current state of their personal finances. Consumers also consider the risk of becoming unemployed to be at a 16-year low.The confidence indicator for the manufacturing industry rose from 121.2 in October to 121.9 in November and continues to show a very strong

Most positive view of demand for a decade

The Economic Tendency Indicator edged down from 113.9 in September to 113.3 in October but still points to much stronger growth than normal in the Swedish economy. The decrease was due to the manufacturing indicator dropping back slightly after its big jump in September. The other business indicators all rose, and consumer confidence climbed to above-normal levels.While the confidence indicator for the manufacturing industry fell in October, this was from a record high, and the new level of 121.1 is still high by historical standards. Manufacturers remain very happy with their order books,

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

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

Major labour shortages in the business sector

The Economic Tendency Indicator edged up from 112.2 in June to 112.4 in July and continues to signal very positive sentiment in the economy.  All of the business indicators show a stronger or much stronger situation than normal, the most optimistic sector being manufacturing. The consumer confidence indicator fell slightly but remains above the historical average.The manufacturing industry continues to report a much stronger situation than normal, with the confidence indicator rising slightly to 120.3 in July from 119.9 in June. Firms’ overall assessment of their order books is the most

Retailers more upbeat

The Economic Tendency Indicator climbed from 111.7 in May to 112.1 in June and continues to signal considerable optimism in the economy. The retail indicator stands out, gaining no fewer than 6.9 points in June. The manufacturing indicator also rose, while the construction indicator fell. Consumers remain positive about their personal finances, but their assessment of the economy fell back after rising in May.The confidence indicator for the manufacturing industry continues to show a very strong situation. Above all, manufacturers are unusually happy with their order books. Employee numbers

Households more positive about the Swedish economy

The Economic Tendency Indicator fell from 112.6 in April to 111.0 in May but still signals a very strong economy. The slight decrease was due to the manufacturing indicator dropping back again after its sharp rise in April. The consumer indicator climbed for a second month, thanks mainly to a more positive view of the outlook for the Swedish economy over the coming year.The confidence indicator for the manufacturing industry dropped back again in May after surging to a 20-year high in April, but is still well above the historical average at 117.0. Manufacturers report healthy growth in

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