Trade Balance in Sweden
Sweden - Trade BalanceThe 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
|Trade Balance (USD billion)||18.6||17.4||13.8||12.0||12.4|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Trade Balance Chart
|Bond Yield||0.06||-4.79 %||Jun 14|
|Exchange Rate||9.49||-0.20 %||Jun 14|
|Stock Market||1,590||0.14 %||Jun 14|
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June 4, 2019
According to Statistics Sweden, total industrial production excluding energy rose a seasonally-adjusted 1.3% over the prior month in April, recovering from the revised 1.9% fall logged in March (previously reported: -3.3% month-on-month).
May 28, 2019
The economic tendency indicator fell to 99.8 points in May from April’s revised 112.5 points (previously reported: 112.7 points), representing the lowest reading since April 2015.
May 14, 2019
The consumer price index (CPI) rose 0.7% in April compared to the previous month, up from 0.2% in March.
May 7, 2019
According to Statistics Sweden, total industrial production excluding energy fell a seasonally-adjusted 3.3% over the prior month in March, contrasting the revised 0.3% increase logged in February (previously reported: +0.4% month-on-month).
April 25, 2019
The economic tendency indicator rose to 112.7 points in April from March’s revised 111.9 points (previously reported: 111.7).