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Business Confidence Strongest in Years

The National Institute of Economic Research says the Swedish economy is strong, but household optimism is slightly subdued.

In its Business Tendency Survey for June, the economic think tank says the confidence indicator for industry has not been this high for several years, and firms anticipate an increase in output growth.

On the household side, the institute notes that its Consumer Confidence Index fell slightly between May and June. But, it also reports that consumers have taken a more positive view of the economy this year than in any time since 2001. The institute says the decrease in confidence may be a reaction to the drop in share prices on the stock market.

Meanwhile, Statistics Sweden reports from April to May producer prices rose here by 0.4 percent while export prices were left unchanged. The increase was mainly due to increased prices for steel and other metals, and petroleum products.

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