– Stockholm economy is developing well and employment is the strongest in five years. This despite the fact that households continue to look bleak in the economy. Trade and manufacturing industries acting as a locomotive. The construction industry remains tough on but labor shortages are apparent and holds back construction in the capital, says Andreas Hatzigeorgiou, chief economist at the Stockholm Chamber of Commerce.
Perhaps the most positive in the report is that Stockholm companies in the fourth quarter of 2015 reported that they highly recruits. Companies that increase the number of employees increasingly dominate in relation to companies that are cutting back.
Overall rise barometer for the fourth quarter of 2015 marginally from 106.0 to 106.1. The weighing is that households are continuing smådeppiga about their future finances. Household so-called confidence indicator falls from 98.7 to 98.0. Stockholm Chamber of Commerce now describe households as “the Achilles heel of the economy.”
The cautious improvement households expressed during the third quarter of 2015 has not persisted, it is said. Thus, the difference in the “mood” between industry and households increasing, and is now reaching a level which, according to the Chamber of Commerce has not been seen since 2008 during the global financial crisis. It is particularly in semi-central Stockholm Municipalities that many households feeling depressed, while more optimism found among households in central locations (Solna, Stockholm, Sundbyberg), and in particular further out in the county (Ekerö, Norrtälje, Nykvarn, Nynäshamn, Sigtuna, Södertälje, Upplands-Bro Vallentuna, Vaxholm, Värmdö and Österåker).
Total described capital’s economy as the strongest since the first quarter of 2011, then in five years. But the Stockholm Chamber of Commerce points out that Stockholm is not yet back to the levels that prevailed in 2007 and 2010, before the last two crises.
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