SEB Index of Swedish Financial Officers' Finds Optimistic Mood
Optimism has increased slightly among Swedish financial officers compared to three months ago. However, the lending attitude among financial institutions is viewed as less favourable and respondents are more concerned about potentially weaker demand. SEB’s Financial Officers’ survey, sent to around 50 of Sweden’s largest companies, presents an ambiguous picture. Most financial officers regard the business climate and their own company’s financial strength favourably. At the same time, half of the survey’s respondents are now worried about a potential fall in demand during 2008. SEB’s Financial Officers’ Index for February stands at 60, above the level of 59 in November 2007, and well above its neutral level of 50. The survey reveals that one in four financial officers remains concerned by rising raw materials costs. At the same time, inflationary pressure appears moderate.