Sweden is really picking up speed, by the way. The services Purchasing Managers’ Index (PMI) published this morning already rose to 57.7, its highest level since 2022. The manufacturing Purchasing Managers’ Index (PMI) is also at its highest level since 2022.
Consumer confidence has strengthened month by month after the spring drop and is already at normal levels. Retail sales have also developed well in recent months.
Sweden is one of Finland’s most important export countries and a significant market for many Helsinki-based (Hesulin) companies. It certainly doesn’t hurt if the economy in our western neighbor starts to pick up.