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Consumer confidence in Sweden rose further for the seventh consecutive month in November, the National Institute of Economic Research said Wednesday. The confidence index climbed to 11.4 from 7.5 in the previous month.
The survey showed that confidence in personal finances and the Swedish economy improved in November. Moreover, household pessimism concerning unemployment trend continued to decline.
Moreover, the business confidence indicator rose by four points in November, and was up for the eighth consecutive month. All the sub sectors made a positive contribution to the index, but situation in the business sector remained weaker than normal. Employment continued to fall, but firms indicated that they would cut fewer staff.
Meanwhile, the economic sentiment indicator, which includes the consumer and manufacturing confidence, rose to 98.8 in November from 94.9 in the previous month.
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