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PRESS RELEASE ECONOMIC TENDENCY SURVEY FEBRUARY 2010
Economic Tendency SurveyBusiness and consumer, February 2010
The Economic Tendency Indicator, which measures business and consumer confidence in the economic situation, rose nearly four points between January and February this year. The indicator has risen for ten consecutive months and is currently at a level signalling stronger than normal business and consumer sentiment.
All sectors in the survey, except the retail trade, made a positive contribution to this rise. The confidence indicator for the manufacturing industry rose a full seven points between January and February and is above the historic average. The indicator for the construction industry rose three points, but the situation remains weaker than normal. The retail trade confidence indicator fell back in February, following a record level the previous month. However, the situation in the sector remains much stronger than normal. The indicator for the private service sector rose somewhat and the situation is stronger than normal as previously. The Consumer confidence indicator (CCI) rose 4.5 points between January and February and is currently at its highest level since October 2007. It is considerably above the historic average, indicating that households are more optimistic than normal.
Economic Tendency Indicator
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116,9
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71,8
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101,2
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103,9
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107,7
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+
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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 a further three points in February. It has now risen for 11 consecutive months and is considerably above the historic average. All sectors of the economy, except the retail trade, made a positive contribution. The retail trade confidence indicator fell back in February, following a record level the previous month.
The Consumer Confidence Indicator (CCI), which measures confidence in personal finances and the Swedish economy, rose 4.5 points to 13.0 in February. This level indicates that households have a more positive opinion on the economic situation than normal. Confidence in the Swedish economy in particular is positive and the Macro Index rose a full 16.2 points between January and February. This sharp rise is mainly due to increased consumer confidence in the labour market. The Micro Index, which measures consumer confidence in personal finances, increased more cautiously rising a full point to 4.8, which is just below the historic average.
Published: 25 February 2010
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Roger KnudsenDirector of Economic Tendency SurveyPhone: +46-8-453 59 06Mobile: +4670491 36 04Sarah Hegardt Grant
Press Contact
Phone: +46-8-453 59 11
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