Swedish Confidence Poll Shows Companies Increasingly Downbeat
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A closely-watched indicator of sentiment in the Swedish economy showed that businesses have seen their prospects worsen, dampening hopes of a recovery, even as consumers become steadily more upbeat.
The economic tendency indicator fell to 93.6 from revised 94.6 in the previous month, according to a report from the National Institute of Economic Research published Wednesday. While consumer confidence strengthened for a 13th consecutive month to exceed 100 for the first time in almost three years, an indicator of sentiment in the manufacturing sector fell to 91.8, its lowest level since June 2020.