RTTNews - Wednesday, a monthly survey from the National Institute of Economic Research revealed that consumer confidence in the Swedish economy improved substantially by 10 points in May, which was the largest increase between two months since February 1993.

The consumer confidence index stood at minus 11, up from minus 21 in April. Despite this upturn, the level signals that households are still more pessimistic than normal.

Meanwhile, business confidence improved for the second straight month. The index came in at minus 23 in May compared to minus 29 in April.

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