Swedes show growing confidence in economy
TT/The Local - [email protected]
Published: 25 Feb, 2010 CET.
Updated: Thu 25 Feb 2010 18:08 CET
Business and consumer confidence are booming in Sweden, according to new figures from the National Institute of Economic Research (Konjunkturinstitutet - NIER).
Confidence rose 4.5 points between January and February, NIER's economic tendency indicator shows.
The confidence indicator has risen steadily for each of the last ten months, as Sweden pulls itself out of the deep global economic crisis.
Apart from retail, all sectors contributed to the rise. The retail sector fell back in February following a record rise the previous month. The manufacturing industry was the highest climber, up seven points on January.
The current level, 107.7 points, marks stronger than normal business and customer confidence and is the highest level recorded since October 2007.
Comments
See Also
Confidence rose 4.5 points between January and February, NIER's economic tendency indicator shows.
The confidence indicator has risen steadily for each of the last ten months, as Sweden pulls itself out of the deep global economic crisis.
Apart from retail, all sectors contributed to the rise. The retail sector fell back in February following a record rise the previous month. The manufacturing industry was the highest climber, up seven points on January.
The current level, 107.7 points, marks stronger than normal business and customer confidence and is the highest level recorded since October 2007.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.