2025.12.1909:05:01UTC+00Sweden Economic Sentiment Rises to Over 3-Year High

Sweden's Economic Tendency Indicator rose to 103.7 in December 2025, reaching its highest point since July 2022, following a downward revision to 101.5 in November. A notable boost in manufacturing confidence, driven by an optimistic forecast for production volumes, led this improvement, while perceptions regarding order books and finished goods inventories stayed consistent. The service sector experienced heightened sentiment due to increased demand and improved recent activity and demand forecasts. Trade sentiment continued to strengthen, with expectations for sales volume escalating in both the short term and over the next three months, and a decrease in respondents viewing inventories as too high. In contrast, confidence in the construction industry declined, influenced by a dimmer outlook on order books and reduced employment plans. Businesses in the sector continued to anticipate above-normal price increases. Meanwhile, consumer confidence remained relatively stable, as more favorable perspectives on household finances were balanced by a less optimistic view of Sweden’s broader economic outlook.