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Bloomberg
Swedes became more pessimistic as the central bank prepares to raise interest rates for the first time in seven years and politicians struggle to form a government more than a month after the nation’s inconclusive election.
The economic tendency indicator fell to 108.0 in October from 111.2 in September, the National Institute of Economic Research said. Analysts surveyed by Bloomberg had expected a reading of 111.0. A reading above 100 indicates a stronger than normal economy, while values below show its weaker than normal. It has been above 100 since the middle of 2015.
Sweden’s economy is in the longest uninterrupted expansion in nearly 40 years, stoked by record low interest rates and global demand form its exports.