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February 11, 2012
Pessimism grows about the Swedish economy
Published: 25 Jun 08 18:02 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/12652/20080625/
The National Institute of Economic Research (KI) reports that the mood toward Sweden’s economy is unusually gloomy.
- Sweden boasts hefty budget surplus for 2011 (10 Jan 12)
- Sweden's five biggest news stories of 2011 (29 Dec 11)
- Sweden's growing wealth gap 'troubling': Borg (29 Dec 11)
The June indicator, which measures business and consumer confidence, fell to 93.8, a level not seen since 2003, and down from the 97.9 level measured in May.
The business confidence indicator remained below average, showign no significant changes from May to June.
However, the consumer confidence indicator fell a full nine points from May to June, landing at -10.2, reflecting consumer concerns about the direction of the economy and the employment outlook. Swedes are also more worried about their personal finances.
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