The reading was above average market expectations of 16.7, as recorded by SME Direkt.
'Throughout the first five months of this year, the CCI has reached levels not seen since 2000 when on the other hand expectations were clearly more optimistic than today. In 2000 the average for CCI was 26.3,' said the Institute.
Both the Macro and the Micro index increased in May compared to April. These indices respectively measure household expectations on the Swedish economy and on personal finances. stockholm@afxnews.com sjr/ak COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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