Retail rebounds and consumers remain upbeat

Retail rebounds and consumers remain upbeat

Swedish companies and households retain a healthy economic forecasts. In February, the National Institute of Economic Research (NIER) published its monthly Economic Tendency Survey, which compiles business and consumers view of the economy.  The indicator fell marginally, from 111.9 to 111.6, but remains remains firmly positive and all parts of the business sector report a strong or very strong situation.  Retail confidence is slightly above normal levels and consumers remain upbeat. Still, despite positive expectations, firms reported slightly weaker sales growth than normal over the past three months. The confidence indicator for the manufacturing industry reflects a much stronger situation than normal. Both firms’ view of their current order books and stocks of finished goods and their production plans for the coming months are contributing to this strong picture. The confidence indicator for the building and civil engineering industry gained another point, once again showing a very strong situation. Firms are happy with the current state of their order books, and their recruitment plans for the next three months are considerably more optimistic than normal. The confidence indicator for the service sector remains well above the historical average. Firms report healthy demand for their services in recent months, and their expectations for demand and employment in the coming months remain optimistic. The full report (in Swedish) is available here and and the indicators (in English) are available here.

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Jessica Nilsson Williams is the CEO & Founder of Mundus International. She has a long-standing interest in international affairs, having studied and worked in the field for more than 20 years. She began her career as the political advisor at the U.S. Embassy in Stockholm, and then worked in London and Singapore before returning to Stockholm. In 2011 she took up a senior role at the New Zealand Embassy before founding Mundus International in 2012. In addition to working for foreign missions, she has worked in sectors such as NGOs and non-profit organisations (e.g. the Clinton Foundation and the International Red Cross), and television.