The Riksbank's Business Survey: The economic upswing is continuing
The economic upturn continues. This is the assessment of the major Swedish companies that were interviewed in the Riksbank's Business Survey in May. Companies, particularly within the manufacturing sector, are facing high demand globally and production is at full throttle. The construction sector currently has long order books but notices that demand for housing construction has decreased, above all in the Stockholm region. The trade sector and companies selling services directly to households are meeting consumers with good spending power. But the tough competition is making it difficult to raise prices and a lot of work is being expended on cutting costs to improve profitability. The survey in May also asked more detailed questions on the digitalisation of the business sector. All companies are investing in or planning to invest in new digital technology to help them follow developments and strengthen customer contacts.
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