India, June 26 -- Sweden's economic sentiment strengthened in June to the highest level in five months, while consumers expressed a less pessimistic outlook, survey results published by the National Institute of Economic Research showed on Friday.
The economic tendency index rose to 101.7 in June from 99.9 in May. Moreover, the index remained above the normal level of 100.
The rise in June was explained almost entirely by an improvement in sentiment within the manufacturing industry, with the corresponding index rising to 105.1 from 101.4 in May. Moreover, this was the highest level since December 2022, as fewer firms than previously report excessive stock levels, and their assessment of order books over the past three months also improve...