Trade Balance in Sweden

Sweden Trade Balance | Economic News & Forecasts

Sweden - Trade Balance

The economy likely lost steam in the first quarter, partly due to a tough base of comparison following a surge in the final quarter of last year. Both the services and manufacturing PMIs averaged lower in Q1 than in Q4, while industrial production was virtually flat in annual terms. Moreover, the Economic Tendency Survey was down markedly from the prior quarter. More positively, retail sales strengthened somewhat, likely supported by the solid labor market. Turning to Q2, employment growth accelerated in April, which bodes well for household consumption. However, the services and manufacturing PMIs edged down further. On the political front, the Ministry of Finance announced a fiscally cautious spring budget on 11 April: SEK 4.5 billion in extra spending to tackle climate change and cut employer tax contributions was more than covered by extra revenue-raising measures and spending adjustments elsewhere.

Sweden - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)18.6  17.4  13.8  12.0  12.4  

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Sweden Trade Balance Chart

Sweden Trade
Note: Trade balance in USD billion.
Source: Riksbank.

Sweden Facts

Bond Yield0.06-4.79 %Jun 14
Exchange Rate9.49-0.20 %Jun 14
Stock Market1,5900.14 %Jun 14

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