In August, Sweden experienced a dip in economic confidence, continuing to exhibit sentiment below the norm, as reported by the National Institute of Economic Research on Thursday.The economic tendency index fell to 94.7 in August from 94.9 in July, maintaining a position under the benchmark level of 100.The survey highlighted only minimal fluctuations under one point across all component sectors. Confidence in the manufacturing sector edged up slightly to 97.1 in August from 97.0 in July. The construction sector witnessed improved sentiment, with its index climbing to 98.2 from 97.3 in July. Additionally, the service sector saw a modest increase in confidence by 0.8 points, reaching 93.1.Conversely, retail trade confidence saw a marginal decline, slipping to 101.7 from 101.8. Consumer confidence remained largely unchanged and continued to be weaker than usual, with a slight increase to 96.3 from 96.2.The material has been provided by InstaForex Company – www.instaforex.com
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