Sweden’s Economic Tendency Indicator edged up to 99.9 in March 2026 from a revised 99.7 in February, still pointing to sentiment in line with normal conditions. Business confidence remained broadly stable, with all sectors at typical levels except construction, where sentiment strengthened further to above normal, supported by more optimistic employment plans. Manufacturing sentiment also improved, mainly driven by stronger production expectations. In contrast, retail trade weakened sharply, reflecting downgraded sales expectations and a softer view of recent activity, while confidence in the services sector also declined. Consumer sentiment remained below normal, as more pessimistic expectations for the Swedish economy and household finances, along with caution toward major purchases, continued to weigh. Firms expect to raise selling prices at a normal pace, though retail pricing plans remain subdued due to expected price cuts following the VAT reduction on food. source: National Institute of Economic Research (NIER)

Leading Economic Index Sweden increased to 99.90 in March of 2026 over the same month in the previous year. Leading Economic Index in Sweden averaged 100.00 index points from 1996 until 2026, reaching an all time high of 122.70 index points in October of 2021 and a record low of 60.80 index points in April of 2020. This page includes a chart with historical data for Sweden Leading Economic Index. Sweden Economic Tendency Indicator - values, historical data and charts - was last updated on April of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-26 08:00 AM
Economic Tendency Indicator
Feb 100.1 102.9 102
2026-03-25 08:00 AM
Economic Tendency Indicator
Mar 99.9 99.7 98
2026-04-29 07:00 AM
Economic Tendency Indicator
Apr 99.9


Sweden Economic Tendency Indicator
In Sweden, the Economic Tendency Indicator aims to measure current sentiment in the Swedish economy. This indicator is based on the information contained in the confidence indicators for the manufacturing industry, the service sector, the building and civil engineering industry, the retail trade, and consumers. The different sectors have been weighted to reflect their impact on economic activity best: manufacturing 40 percent, services 30 percent, construction 5 percent, retail 5 percent, and consumers 20 percent. The EU uses the same weights to calculate the ESI.
Actual Previous Highest Lowest Dates Unit Frequency
99.90 99.70 122.70 60.80 1996 - 2026 index points Monthly
SA

News Stream
Sweden Economic Confidence Little Changed
Sweden’s Economic Tendency Indicator edged up to 99.9 in March 2026 from a revised 99.7 in February, still pointing to sentiment in line with normal conditions. Business confidence remained broadly stable, with all sectors at typical levels except construction, where sentiment strengthened further to above normal, supported by more optimistic employment plans. Manufacturing sentiment also improved, mainly driven by stronger production expectations. In contrast, retail trade weakened sharply, reflecting downgraded sales expectations and a softer view of recent activity, while confidence in the services sector also declined. Consumer sentiment remained below normal, as more pessimistic expectations for the Swedish economy and household finances, along with caution toward major purchases, continued to weigh. Firms expect to raise selling prices at a normal pace, though retail pricing plans remain subdued due to expected price cuts following the VAT reduction on food.
2026-03-25
Sweden Economic Confidence Weakens in February
Sweden’s Economic Tendency Indicator declined to 100.1 in February 2026, the lowest level since late October, down from 102.9 in January. Manufacturing softened mainly due to subdued production plans that fell below historical averages, although relatively low finished-goods inventories provided some support. Confidence in both the trade and service sectors also weakened, with trade sentiment pressured by lower sales volumes over the past three months, partly offset by improved expectations for future sales. In the service sector, weaker recent activity and demand drove the decline. In contrast, construction confidence improved, supported by more optimistic hiring plans and a less negative assessment of order books. Consumer confidence also strengthened, reflecting a more positive view of household finances and the Swedish economy compared with a year earlier, although sentiment remained below normal levels.
2026-02-26
Sweden Economic Confidence Falls in January
Sweden’s Economic Tendency Indicator fell to 103 in January 2026 from 103.7 in December, halting six months of improvement, but it remains above normal. Construction confidence recorded the sharpest decline, driven by more pessimistic employment plans, while order books were stable. Consumer sentiment fell marginally, with households cautious about finances but neutral on the overall economy. Trade confidence eased slightly due to weaker past and expected sales volumes, partly offset by favorable inventory views, remaining the strongest sector. Service-sector sentiment declined modestly on a less optimistic demand outlook, with recent business activity steady. Manufacturing sentiment stayed strong, slightly dampened by cautious order book assessments, while sales expectations for the coming three months improved and inventories were unchanged. Firms reported normal past price rises and expect above-average increases ahead.
2026-01-29