Sweden’s Economic Tendency Indicator rose to 108.1 in October 2026 from 107.2 in September, marking the fourth consecutive month of stronger-than-normal economic sentiment and its highest reading since May 2022. The increase was driven in large part by a sharp rise in the manufacturing confidence indicator, which climbed to its highest level in more than four years on the back of more expansive production plans and more positive assessments of order books.
The services confidence indicator also continued to improve, extending the upward trend that began in March, while the construction confidence indicator was unchanged. The trade confidence indicator remained broadly stable at a level that has signaled substantially stronger-than-normal sentiment for four straight months.
In contrast, the consumer confidence indicator fell sharply, returning to its June 2026 level. The decline reflected worsening expectations for both household finances and the overall Swedish economy over the coming 12 months. At the same time, firms’ pricing plans strengthened, indicating that companies expect to raise prices to a greater extent than is typical.
