Sweden's economic confidence improved more than economists expected in March, data from a survey by NEIR showed Wednesday.
The economic sentiment indicator rose to 101.8 in March from 93.5 in February, marking the second consecutive growth. Economists were looking for a reading of 94.
Swedish consumers were less downbeat about economic conditions in March, with the corresponding index rising to zero from -3.2 in the previous month. Economists expected the index to rise to -2.
The indicator of confidence in the manufacturing sector improved sharply to 1 in March from -13 in February. Economists expected the index to rise to -11.
Swedish construction firms were markedly less pessimistic about their businesses in March, with the relevant indicator rising to -1 in March from -14 in the previous month. The measure of confidence in the retail sector rose sharply to 8 from zero in the previous month, while the private sector confidence index jumped to 22 from 9.
by RTT Staff Writer
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