Sweden Economic Outlook
March 26, 2019The economy has likely expanded at a moderate pace in Q1 2019. January and February PMI readings for the services and manufacturing sectors suggest modest growth, with both indicators tracking notably lower than their Q4 2018 averages. The economic tendency indicator tells a similar story, remaining slightly above neutral territory in February but still down markedly since Q3. Moreover, industrial production was soft in January. However, the labor market continues to perform well, with the unemployment rate in smoothed and seasonally adjusted terms currently at a multi-year low. This comes after a better-than-expected fourth quarter GDP reading, which was largely driven by a rebound in private consumption and a strong external sector, despite weakness among key EU trading partners.
Sweden Economic GrowthThe economy is likely to lose substantial steam this year amid weaker growth in the Eurozone and soft housing investment. However, the robust labor market and mild inflation should buoy private consumption, while government spending should benefit from a more expansionary fiscal stance. Elevated household debt, meanwhile, poses a downside risk to the outlook. Met the why particular panelists see GDP rising 1.7% in 2019, up 0.1 percentage points from last month’s forecast, and 1.8% in 2020.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.27||-4.79 %||Apr 12|
|Exchange Rate||9.27||-0.20 %||Apr 12|
|Stock Market||1,641||0.14 %||Apr 12|
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Sweden Economic News
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%).