Sweden’s economic sentiment improved in May suggesting stronger economic increase than normal, survey data from the National Institute of Economic Research showed Wednesday. The economic tendency indicator, which reflects how firms and consumers view the economy, rose additional-than-expected to 101.4 in May from 99.2 in April.
Sourced through Scoop.it from: globserver.cn
The manufacturing and consumer indicators strengthened in May, while the retail, service and construction indicators declined from the prior month. The confidence indicator for the total industry gained 1.1 points to 105.1 in May.
At the same time, the manufacturing confidence index rose notably to 100.5 from 94.2 in April. It was above the expected score of 97.1. The increase is due mainly to firms being additional positive about their order books.