Swedish consumers lose confidence
AFP - [email protected]
Published: 29 Jan, 2007 CET.
Updated: Mon 29 Jan 2007 15:01 CET
The Swedish consumer confidence indicator fell to 14.7 in January from 15.1 in December, the National Institute of Economic Research (Konjunkturinstitutet) said.
Relative to December, the Macro index, which measures household expectations on the Swedish economy, fell to 20.7 from 22.4. However, the Institute said it remains high, as it seldom exceeds 20.
The Micro index, a measure of the expectations on personal finances, rose to 11.2 from 10.6 last month, however, viewed over a slightly longer period, it is still surprisingly depressed.
"The Micro Indices for last December and this January are the two lowest recorded since the end of 2004", the Institute said.
Comments
See Also
Relative to December, the Macro index, which measures household expectations on the Swedish economy, fell to 20.7 from 22.4. However, the Institute said it remains high, as it seldom exceeds 20.
The Micro index, a measure of the expectations on personal finances, rose to 11.2 from 10.6 last month, however, viewed over a slightly longer period, it is still surprisingly depressed.
"The Micro Indices for last December and this January are the two lowest recorded since the end of 2004", the Institute said.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.