The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The Economic Tendency Indicator is a monthly composite index that provides a comprehensive overview of the Swedish economy's sentiment. It aggregates survey data from manufacturing, services, retail trade, and construction sectors, along with consumer confidence levels. A value above 100 indicates a stronger-than-normal economic sentiment, while a value below 100 suggests a weaker outlook. It is widely used by analysts to predict turning points in the business cycle and GDP growth.
The indicator is calculated as a weighted average of the standardized results from qualitative surveys across five sectors. The data is seasonally adjusted and normalized to have a mean of 100 and a standard deviation of 10.