PRESS RELEASE ECONOMIC TENDENCY SURVEY JANUARY 2010
Economic Tendency Survey
Business and consumer, January 2010
The Economic Tendency Indicator, which measures business and consumer confidence in the economic situation, rose just over two points between December and January to 103.4. This is the indicator´s highest level since March 2008. All sectors made a positive contribution to this rise.
The confidence indicator for the manufacturing industry has risen four points since last month, signalling that the situation is currently somewhat stronger than normal. The confidence indicator for the construction industry continues to rise and has increased a full ten points since December.The situation in the retail trade remains much stronger than normal and the confidence indicator has risen a further eight points since December. The confidence indicator for the private service sector has increased three points to a level signalling a somewhat stronger than normal situation in the service sector.
The Consumer Confidence Indicator (CCI) rose barely one point between December and January to a level slightly above the historic average, signalling that households are somewhat more optimistic than normal.
Economic Tendency Indicator
| 100
|
117,0
|
72,0
|
98,9
|
101,2
|
103,4
|
+
|
¹) ++ The situation is very strong, + The situation is strong, - The situation is weak, -- The situation is very weak²) Mean-, max- and minvalue from 2001.
The confidence indicator for the business sector rose 15 points between the third and fourth quarters of 2009. It has risen nearly 40 points from its lowest level in the first quarter of 2009 and is currently considerably above the historic average.
The Consumer Confidence Indicator (CCI) rose barely one point to 8.5 between December and January. This level is somewhat above the historic average, indicating that consumer confidence in the economic situation is somewhat more positive than normal. This picture is supported by the Micro Index, which measures consumer confidence in personal finances and has risen 0.4 points. However, consumer confidence in the Swedish economy is somewhat more negative than last month and the Macro Index has fallen 1.5 points.
Published: 28 January 2010
