Sweden Business Confidence

Country:
Sweden
SEK, Swedish krona
Sector:
Business
Low 100.2 94.1
96.7
Last release Importance Actual Forecast
Previous
98.0
100.2
Next release Actual Forecast
Previous
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Sweden's Business Confidence Index reflects the optimism of the country's companies regarding the current economic environment. The index is calculated monthly through an online survey conducted by the National Institute for Economic Research (NIER).

The National Institute interviews the managers of about 7,000 Swedish companies on a monthly basis. The sample includes companies with at least 100 employees. Companies are stratified by size and industry. Collecting all data from respondents takes approximately three weeks.

The weight of responses from a particular company depends on its size, i.e. the larger the company, the higher the weights assigned to its responses (with the exception of the manufacturing sector, in which weights are set based on the volume of production). These weights are updated every year according to the updated sample. The weighted responses are summarized and extrapolated as if all companies participated in the survey.

Companies evaluate the current situation in terms of orders, finished product inventories, expected production volumes and employment. The survey is qualitative in nature. It means that the respondents do not provide absolute figures, but assess the situation as better, worse, or no change.

The Business Confidence Index is one of the key indicators characterizing the business environment and the general state of the country's economy. Readings above 100 indicate improving business conditions and positive sentiment in the Swedish business environment. Even if a value is below 100 but shows a considerable improvement from the previous period, the value can be seen as positive for the Swedish krona. Readings below 100 indicate a worsening situation.

Last values:

actual data

forecast

The chart of the entire available history of the "Sweden Business Confidence" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Feb 2021
100.2
94.1
96.7
Jan 2021
96.0
93.4
92.7
Dec 2020
92.6
95.0
94.6
Nov 2020
94.9
94.4
95.6
Oct 2020
95.7
89.7
93.8
Sep 2020
93.6
83.1
86.3
Aug 2020
86.4
62.3
80.9
Jul 2020
80.7
86.4
68.9
Jun 2020
68.6
80.0
58.9
May 2020
58.2
-78.6
55.1
Apr 2020
53.1
94.7
91.4
Mar 2020
91.0
97.0
96.9
Feb 2020
97.1
112.4
97.5
Jan 2020
97.4
94.2
Dec 2019
94.0
96.7
Nov 2019
96.9
94.5
Oct 2019
94.0
95.9
Sep 2019
96.2
96.5
Aug 2019
96.6
97.1
Jul 2019
97.4
99.9
Jun 2019
100.2
101.6
May 2019
101.8
102.3
Apr 2019
101.7
101.7
Mar 2019
101.1
98.6
Feb 2019
98.9
100.3
Jan 2019
100.3
103.4
Dec 2018
104.1
104.6
Nov 2018
104.8
106.0
Oct 2018
106.3
109.7
Sep 2018
110.2
107.0
Aug 2018
107.1
106.3
Jul 2018
106.6
108.3
Jun 2018
108.5
106.0
May 2018
106.2
106.5
Apr 2018
106.6
107.5
Mar 2018
107.1
108.3
Feb 2018
108.1
107.7
Jan 2018
107.8
109.1
Dec 2017
109.6
110.0
Nov 2017
110.1
109.9
Oct 2017
109.9
110.4
Sep 2017
110.3
109.0
Aug 2017
109.2
110.7
Jul 2017
110.8
110.7
Jun 2017
110.3
108.3
May 2017
107.7
108.3
Apr 2017
108.6
108.4
Mar 2017
108.5
108.7
Feb 2017
109.0
108.9
Jan 2017
108.9
111.6

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