Exchange Rate in Sweden
Sweden - Exchange RateThe economy likely bounced back in the fourth quarter from a contraction in the third quarter which was driven in large part by temporary factors. The services and manufacturing PMIs were well in expansionary territory throughout the period, even though both dipped notably in December. Moreover, the economic tendency indicator signaled solid growth, while the labor market was healthy, with solid employment growth throughout the period. However, the underlying picture is still one of gradually ebbing momentum. On the political front, in mid-January a new government was formed over four months after the general elections, with incumbent Stefan Löfven, leader of the Social Democratic Party, elected prime minister after reaching a deal with the Green, Centre and Liberal parties. The move should see a more liberal economic policy, although the new administration could be politically unstable. In the previous month, parliament approved an expansionary 2019 budget presented by the opposition Moderates and Christian Democrats, which will see lower taxes and higher government spending.
Sweden - Exchange Rate Data
|Exchange Rate (vs USD)||6.44||7.80||8.45||9.11||8.20|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||0.41||-4.79 %||Jan 30|
|Exchange Rate||9.04||-0.20 %||Jan 30|
|Stock Market||1,511||0.14 %||Jan 30|
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April 11, 2019
Consumer prices in Sweden rose 0.2% in March, down from the 0.7% increase logged in January.
April 8, 2019
According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 0.4% in February over the previous month, contrasting January’s revised 0.2% decline (previously reported: + 0.1% month-on-month).
March 27, 2019
The economic tendency indicator fell from February’s revised 111.9 (previously reported: 112.4) to 111.7 in March.
March 12, 2019
Consumer prices in Sweden rose 0.7% in February, contrasting January’s 1.0% decline, according to data released by Statistics Sweden (SCB).
March 5, 2019
According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 0.1% in January over the previous month, down from December’s revised 1.6% increase (previously reported: +1.8%).