The Economic Tendency Indicator fell just under one point in April after having risen nearly 10 points over the previous two months. It is marginally above the historic average, indicating that growth in the Swedish economy is more or less normal. In the business sector, the manufacturing industry and the retail trade made a negative contribution to the Economic Tendency Indicator this month. The confidence indicators for the private service sector and consumers made a positive contribution in April.
Upturn in business sector employment

The confidence indicator for the manufacturing industry fell two points in April and is currently three points above the historic average. Both new orders and output volume were largely unchanged in the first quarter as was the assessment of the order situation. Industrial firms are relatively optimistic about the second quarter and forecast an increase in both new orders and output volume. Overall, employment is expected to remain almost...