Swedish consumers lose confidence

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.