The Economic Tendency Indicator for Sweden increased to 96.0 in August 2025 from 94.3 in July. This marked the highest level since February, largely driven by improved business sentiment (99.8 vs 97.4), which is now aligned with the historical average. Confidence strengthened across all industries: manufacturing (97.0 vs 95.8 in July), construction (98.0 vs 97.5), retail trade (105.5 vs 103.0), and services (99.2 vs 97.0). Firms’ expectations regarding sales prices over the next three months were broadly unchanged from July and remain close to normal levels. Meanwhile, consumer confidence also rose slightly (91.1 vs 90.8), though households remain more pessimistic than usual.