India, June 26 -- Sweden's economic confidence decreased in June to the lowest level in more than a year, survey results published by the National Institute of Economic Research showed on Thursday.

The economic tendency index dropped to 92.8 in June from 94.5 in the previous month. This was the lowest score since March 2024, when it was also the same 92.8.

The sentiment weakened across all sectors, with the service sector contributing most to the decline, the NIER said.

The index measuring confidence in the service sector declined to 92.9 in June from 95.5 in May. Service firms are more negative than usual, both regarding demand developments over the past three months and their expectations for future demand.

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