FX.co ★ Sweden Economic Confidence Falls in January

In January 2026, Sweden's Economic Tendency Indicator decreased to 103, down from 103.7 in December, pausing a six-month ascent, yet it continues to suggest a healthier-than-average economic climate. The construction sector experienced the most significant drop in confidence, primarily fueled by more negative employment forecasts, although order books remained stable. Consumer confidence dipped slightly as households exhibited caution regarding their personal finances, though their perspective on the general economy remained neutral. Trade sector confidence saw a minor decrease due to weaker sales volumes, both past and projected, although positive inventory assessments provided some balance, making it the strongest sector overall. The services sector noted a slight decline in sentiment, reflecting a less optimistic view on demand despite steady recent business activity. Manufacturing confidence maintained its strength, tempered slightly by caution in order book evaluations. Future sales expectations for the next three months improved, with inventory levels unchanged. Firms reported typical past price increases and anticipate above-average hikes ahead.