FX.co ★ Sweden Economic Sentiment Highest Since 2022

The Economic Tendency Indicator for Sweden experienced a notable rise in October 2025, climbing to 100.8 from September's 97.8, thereby exceeding its historical average for the first time since July 2022. Retail trade sentiment made a significant leap to 114.4, driven by robust past sales and positive expectations for the coming three months, although employment and pricing forecasts remain modest. Confidence in the service sector has improved to 102.7, primarily due to gains in hotels, restaurants, and travel agencies; however, the personnel leasing segment continues to underperform. Manufacturing sentiment saw a slight increase to 100.2, bolstered by production plans despite less favorable order backlogs. The construction sector's confidence remains below average at 97.4, although future outlooks for the next year have reached their highest levels since 2016. Consumer confidence has risen for the sixth straight month to 96.8, yet there is still a cautious approach towards significant purchase decisions.