Sweden Economic Outlook
November 20, 2018Although firm GDP figures are still outstanding, the economy appeared to lose steam in the third quarter. The services PMI averaged lower than in the second quarter on slower growth in new orders (although comfortably remained in expansionary territory), while annual industrial production, retail sales growth and previously stellar employment growth all dipped. The final quarter has begun in subdued fashion: In October, both the manufacturing and services PMIs fell, while the economic tendency indicator dropped on a decline in optimism across sectors. On the political front, the country remains without a government over two months after general elections on 9 September. With the leaders of the center-right Moderate Party and center-left Social Democrats—the two largest groupings in parliament—failing to garner the support of a majority of MPs, in mid-November the speaker gave Annie Loof, leader of the Centre Party, the task of breaking the political deadlock.
Sweden Economic GrowthLooking ahead, growth prospects are bright, thanks to strong fixed investment and exports, and faster wage growth. However, weaker residential investment will likely drag on activity, while elevated household debt poses a downside risk. Met the why particular panelists see GDP rising 2.1% in 2019, unchanged from last month’s forecast, and 1.9% in 2020.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.48||-4.79 %||Dec 11|
|Exchange Rate||9.09||-0.20 %||Dec 11|
|Stock Market||1,465||0.14 %||Dec 11|
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Sweden Economic News
December 12, 2018
Consumer prices in Sweden declined 0.1% month-on-month in November, matching October’s figure, according to data released by Statistics Sweden (SCB).
December 6, 2018
According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 2.8% in October over the previous month, up notably from September’s revised 0.5% increase (previously reported: +0.2% month-on-month).
November 29, 2018
According to data released by Statistics Sweden (SCB) on 29 November, the economy shrank 0.2% in seasonally adjusted terms in the third quarter over the second quarter, contrasting Q2’s revised 0.5% increase (previously reported: +0.8% quarter-on-quarter) and confounding market expectations of a 0.3% uptick.
November 28, 2018
The economic tendency indicator fell from a revised 117.6 in October (previously reported: 118.0) to 116.7 in November, marking the second consecutive monthly decline.
November 14, 2018
Consumer prices in Sweden declined 0.1% month-on-month in October, contrasting September’s 0.5% mom increase, according to data released by Statistics Sweden (SCB).