Sweden Economic Outlook
October 23, 2018Sweden’s economy likely performed well in the third quarter. The economic tendency indicator increased for the fourth straight month in September, while consumers also grew more optimistic in the same month. Moreover, both the manufacturing and services PMIs remained well in expansionary territory throughout Q3. However, there are signs that employment growth—which was elevated in the first half of the year—is starting to lose steam, likely due in part to matching problems in the labor market. This comes after a robust second quarter performance in which the economy was driven by private consumption and a stronger external sector. On the political scene, the country remains without a new government following the general elections on 9 September. After Ulf Kristersson, the leader of the center-right Moderate Party, failed to secure sufficient parliamentary support, the Speaker has given caretaker Prime Minister Stefan Lofven the task of forming a government. Political uncertainty is unlikely to have a meaningful impact on economic activity in the near-term.
Sweden Economic GrowthLooking ahead, growth prospects remain sound thanks to healthy fixed investment and exports, while private consumption should benefit from faster wage growth amid a tight labor market. However, weaker residential investment will likely drag on activity, while elevated household debt poses a downside risk. Met the why particular panelists see GDP rising 2.1% in 2019, unchanged from last month’s forecast, and 1.9% in 2020.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.59||-4.79 %||Nov 15|
|Exchange Rate||9.06||-0.20 %||Nov 15|
|Stock Market||1,490||0.14 %||Nov 15|
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Sweden Economic News
November 14, 2018
Consumer prices in Sweden declined 0.1% month-on-month in October, contrasting September’s 0.5% mom increase, according to data released by Statistics Sweden (SCB).
November 5, 2018
Total industrial production excluding energy increased a seasonally-adjusted 0.2% in September over the previous month, down from August’s revised 0.5% increase (previously reported: +0.6% mom), according to Statistics Sweden.
October 25, 2018
The economic tendency indicator fell from a revised 111.2 in September (previously reported: 111.7) to 118.0 in October.
October 24, 2018
At its 23 October monetary policy meeting, the Riksbank decided to keep the monetary policy rate unchanged at a record low of minus 0.50%, where it has been since 2016.
October 11, 2018
Consumer prices in Sweden rose 0.5% month-on-month in September according to data released by Statistics Sweden (SCB), contrasting August’s 0.2% decline.