1、 BUSINESS CLIMATE SURVEY FOR SWEDISH COMPANIES IN THE UNITED STATES 2025 A REPORT FROM TEAM SWEDEN IN THE UNITED STATES TABLE OF CONTENTS FOREWORD.3 ABOUT THE SURVEY.5 ECONOMIC OUTLOOK.7 THE MARKET.11 HOW SWEDISH COMPANIES SUCCEED IN THE UNITED STATES.21 ACTING SUSTAINABLY.25 CONTACT US.29 FOREWORD

2、FOREWORD The Business Climate Survey is a tool used to map the challenges and opportunities Swedish companies face while operating abroad.This report aims to provide an overview of the current business climate in the United States and highlight key factors for Swedish firms to consider when doing bu

3、siness in the US market.The US remains a cornerstone market for Swedish companies looking to expand their operations overseas.Despite shifting economic and political dynamics,it offers vast opportunities across a broad spectrum of industries.Among Swedish companies contributing to the 2025 report,58

4、 per cent plan to increase their investments in the US over the coming year,underscoring the countrys enduring appeal as a trade and investment partner for Sweden.Over the past year,the US economy has displayed resilience,even as signs of strain have emerged.The labour market remains stable,with une

5、mployment near historically low levels,though job growth has cooled in recent months(US Bureau of Labor Statistics,2025).US consumer confidence,however,has weakened,with the Conference Boards Consumer Confidence Index in March 2025 reaching its lowest level since January 2021 and the short-term busi

6、ness expectations index hitting its lowest levels in over a decade.Furthermore,the transition to a new Trump administration has added further uncertainty around trade relations,particularly with the imposition of new tariffs and restructuring of government operations,creating added complexity for in