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Report published August 28, 2026

Swedish NIER Survey (August 2026): Economic Sentiment Trends & SEB Macro Outlook

Source and citation context

Issuer
SEB
Report date
August 28, 2026
Analysis as of
Not stated in source

Authors / editors: Amanda Sundström, Olle Holmgren

Finvaulta summarizes SEB's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Monthly UpdateMacro Economic IndicatorsRates Govt BondsConsumer DiscretionaryIndustrials

Sweden's NIER economic tendency indicator climbed to 105.1 in August 2026, marking its highest reading since 2022 and exceeding consensus expectations. The recovery was supported by strong retail sentiment and recovering consumer confidence, while pricing plans held moderate.

Key Takeaways

  • 1.Sweden's Economic Tendency Indicator rose to 105.1 in August 2026, reaching a new high since 2022 and beating expectations for the third straight month.
  • 2.Business sentiment gains were led by retail trade sitting near historical highs, while manufacturing edged down slightly and services improved.
  • 3.Pricing plans remained moderate and employment plans continued to recover, but a turnaround in the labour market is still needed before the Riksbank considers rate hikes.

Table of Contents

  • Key points
  • Economic tendency indicator
  • NIER confidence, August 2026

Report data

Economic tendency indicator / Business & consumer sentiment

MetricEstimateContext
Economic Tendency Indicator (Economic sentiment)105.1 indexSwedish economic sentiment indicator actual vs 104.7 SEB forecast and 104.6 previous
Consumer Confidence98.0 indexActual consumer confidence vs 97.6 SEB forecast and 97.2 previous
Manufacturing Confidence107.1 indexActual manufacturing confidence vs 106.5 SEB forecast and 107.5 previous
Source: Swedish National Institute of Economic Research (Konjunkturinstitutet, NIER). This is a dated model snapshot, not a live forecast.

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Authors / Editors

Amanda SundströmOlle Holmgren

Reported Data Context

  • Economic Tendency Indicator (Economic sentiment): 105.1 index (August 2026) · Source: Swedish National Institute of Economic Research (Konjunkturinstitutet, NIER)
  • Consumer Confidence: 98.0 index (August 2026) · Source: Swedish National Institute of Economic Research (Konjunkturinstitutet, NIER)
  • Manufacturing Confidence: 107.1 index (August 2026) · Source: Swedish National Institute of Economic Research (Konjunkturinstitutet, NIER)

Themes

Swedish Economic Recovery & SentimentRiksbank Monetary Policy OutlookInflation Pressures & Pricing Plans

Regions

EuropeSweden