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MNI: SWEDEN DATA: Economic Tendency Indicator (Jun 2019) Preview - 08:00 BST
- Economic Tendency Indicator (ETI): Bbg Consensus: 99.5; Previous (May): 99.8
- Manufacturing Confidence: Bbg Consensus: 104.7; Previous (May): 103.7
- Consumer Confidence: Bbg Consensus: 92.7; Previous (May): 91.0
- Markets look for the ETI to edge further down in Jun, after it fell to just
below its series avg (100.0) in May to its lowest level since May 2015
- After falling last month, markets look for the manufacturing and consumer
sub-indices to rebound in Jun...
- ... with the former expected to register above its long-term avg (100.0) and
the latter expected to pick up from May's more-than-six-year-low
- For an overall decline in the ETI to materialise, market forecasts implicitly
suggest a weakening in confidence in one or more of the other key sectors
tracked by the survey...
- ... incl services (steady at 99.3 in May), retail (which rose 3.6pts to 106.6
in May) and building & civil engineering (which fell 0.3pts from 102.7 in Apr)