Swedish Economic Sentiment Weakens in
Photo: Karin Wesslén/TT

Swedish Economic Sentiment Weakens in June Reports KI

The mood in the Swedish economy is weakening, according to the government agency Konjunkturinstitutet (KI). The so-called barometer indicator for June fell to 92.8, down from 94.5 in May.

Households' confidence indicator increased slightly, to 84.6, up from 83.6 in April.

"The sentiment weakened in all sectors, where the service sector contributed the most to the decline. Within trade, a sharp decline in sentiment occurred", writes KI.

"Companies expect rising sales prices, but to a lesser extent than in May. Price expectations differ between different sectors. Among service companies, they are higher than normal, while they are below the historical average in the manufacturing industry and construction activities", adds KI.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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