Business

Signs Point to Stronger Swedish Economy

Several reports are pointing to better times for the Swedish economy. Truck manufacturer AB Volvo reported quarterly earnings of 4.5 billion Swedish crowns (600 million dollars) after the company reported nearly 8 billion in losses (1 billion dollars) during the same period last year. And the company's expecting big growth in demand this year in Europe and North America.

Similarly, Swedbank reported earnings of over 2 billion crowns (270 million dollars) after losses of nearly 2 billion crowns last year.

News agency TT reported that Swedes are also more optimistic about their personal finances. A new study showed that the percent of Swedes who think they have less in their wallets fell from 16 to 11 percent since December 2009.