Sweden Economic Outlook
January 30, 2018The economy continues to look strong. Industrial production figures were solid in October and November, the manufacturing PMI ended 2017 at a historically high level and business sentiment in January was firmly in positive territory despite dipping slightly, with broad-based optimism across sectors. Firms’ rosy outlook is bolstering the labor market, which in Q4 saw sustained job creation and the unemployment rate reach its lowest level since 2008. This comes after GDP growth in the third quarter was substantially above the EU average on the back of surging fixed investment. However, the housing market has weakened in recent months, with prices continuing to fall in December on the back of greater supply. This could negatively impact private consumption and residential investment, although high savings rates, low unemployment and strong growth in other areas of the economy should cushion any downturn.
Sweden Economic GrowthGrowth will likely be robust in 2018, despite dipping slightly from the high rates recorded in recent years. The economy will be supported by a further tightening of the labor market, more expansionary fiscal policy and healthy fixed investment. Downside risks stem from high household debt and worries regarding the housing market. Met the why particular panelists see GDP rising 2.7% in 2018, which is unchanged from last month’s forecast, and 2.2% in 2019.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.86||-4.79 %||Feb 22|
|Exchange Rate||8.12||-0.20 %||Feb 22|
|Stock Market||1,574||0.14 %||Feb 22|
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Sweden Economic News
February 20, 2018
Consumer prices in Sweden fell 0.8% in January on a month-on-month basis according to data released by Statistics Sweden (SCB).
February 14, 2018
At its 13 February monetary policy meeting, the Riksbank decided to keep the monetary policy rate unchanged at a record low of minus 0.50%.
February 12, 2018
Total industrial production excluding energy rose a seasonally-adjusted 0.8% in December over the previous month according to Statistics Sweden (SCB), down from November’s revised 1.0% increase (previously reported: +0.9% month-on-month).
January 25, 2018
The economic tendency indicator declined from a revised 112.0 in December (previously reported: 112.5) to 111.2 in January according to the National Institute of Economic Research (NIER).
January 12, 2018
Consumer prices in Sweden rose 0.4% in December on a month-on-month basis according to data released by Statistics Sweden (SCB).