Swedish consumer, manufacturing sentiment dips in May


STOCKHOLM, May 28 (Reuters) - Swedish households and manufacturers turned more pessimistic in May as the economy slows from years of rapid growth.

Consumer confidence dipped to 91.0 points in May, its lowest level in more than six years, the National Institute of Economic Research (NIER) said on Tuesday, from a revised 95.5 points the previous month. Analysts had on average forecast a reading of 95.2 points.

Manufacturing sentiment declined to 103.7 points from a revised 107.7 the previous month while the composite index dipped to 99.8 points from a revised 102.5.

The NIER said the readings were broadly in line with the historical average.

(Reporting by Simon Johnson; editing by Niklas Pollard)

((simon.c.johnson@thomsonreuters.com; +46 8 700 1045; Reuters Messaging: simon.c.johnson.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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