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Sweden Consumer Confidence Drops More Than Expected To 4-month Low

Swedish consumer confidence fell more-than-expected in October to its lowest level in four months, as more households expect the economy to deteriorate over the next 12 months, survey data from the National Institute of Economic Research showed on Thursday.

The consumer confidence index dropped to 99.5 from a revised 103.5 in September. Economists had expected a score of 103.3.

The latest reading was the lowest since June, when the score was 98.1.

The economic tendency indicator fell to a three-month low of 108 from a revised 111.2 in September. Economists had forecast a reading of 111.

The manufacturing confidence index eased to 115.4 from 117.3, which was worse than the 117 economists had predicted.

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