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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwedenSweden Economic Tendency Indicator climbed to 104.7 in July 2026
FMPMonthlyReleased July 2026
Sweden Economic Tendency Indicator climbed to 104.7 in July 2026, up 2.6 from June's 102.1 reading. The reading matched the 101.1 consensus. Economic Tendency Indicator has now risen for 4 consecutive months. Over the past 3 months, Economic Tendency Indicator averaged 100.5, vs 99.67 in the prior 3-month window. Economic Tendency Indicator is now the highest in 26 months.
Latest Release
104.7
Actual
101.1
Consensus
102.1
Previous
Median Absolute Error
±1.76
across last 12 releases
Last Call
Jul 2026
Predicted: 102.4
Actual: 104.7
Error: -2.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.80 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.67 | COMMODITIES | Moves against | → View |
| EUR/SEK | ▲ Direct | +0.54 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.47 | CRYPTO | Moves with | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Economic Tendency Indicator (Sweden) was reported at 104.70 in July 2026. This beat the market consensus of 101.10 by 3.60. The reading rose from the previous value of 102.10. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 100.74, ranging from 96.00 to 104.70 across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 101.90, up from the prior three at 101.00. Volatility over the past year (σ 2.52) is higher than the prior year (σ 1.55). In July readings over the past 3 years, Economic Tendency Indicator has averaged 98.00.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.76.
WHAT TO WATCH NEXT
The next release is scheduled for August 28, 2026. Same-country events in the next 14 days include CPI YoY (Aug 6) and CPI MoM (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Economic Tendency Indicator - SE
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About Economic Tendency Indicator — Sweden
DEFINITION
The Economic Tendency Indicator is a key financial indicator that measures the overall sentiment and expectations of businesses and consumers towards the current and future economic conditions. It provides valuable insights into the health of the economy and can help inform decision-making for investors, policymakers, and businesses. This indicator is based on a comprehensive survey of various economic factors and is considered a reliable gauge of the economic climate.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 104.7, consensus 101.1. Prior reading (Jun 2026): 101.7. Before that (May 2026): 99.3.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.80) — a useful reference for index-focused traders.
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Economic Calendar - SE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SE | Retail Sales YoY | 6.6 | 8.1 | 5.1 | 5.85 | Low |
| 06:00 | SE | Retail Sales MoM | 1 | -0.1 | 0.4 | 0.70 | Low |
| 07:00 | SE | Economic Tendency Indicator | 104.7 | 102.1 | 101.1 | 102.90 | Low |
| 07:00 | SE | Consumer Confidence | 97.1 | 94.2 | 93 | 95.05 | Low |
| 07:00 | SE | Business Confidence | 106.3 | 104.1 | 103 | 104.65 | Low |
| 07:00 | SE | Consumer Inflation Expectation | 5.7 | 5.8 | 5.4 | 5.55 | Low |