Sweden Economic Outlook
July 24, 2018The economy likely lost some steam in the second quarter, although fundamentals are still healthy. Both the services and manufacturing PMIs averaged lower in Q2 relative to Q1, despite remaining well in positive territory, while annual growth in industrial production also shifted into a lower gear in April and May following a stellar first quarter. The economic tendency indicator paints a similar picture; readings are below the highs seen at the end of 2017, but still point to robust economic activity. Furthermore, the labor market is firm, with the smoothed unemployment rate at a multi-year low and strong employment gains in April and May. However, consumer confidence dropped to a near two-year low in June, likely influenced by recent softness in the housing market. Property prices resumed their month-on-month decline in the same month following a brief rebound, and were down over 4% in annual terms.
Sweden Economic GrowthLooking ahead, growth should be brisk, supported by strong exports, fixed investment, and a more expansionary fiscal stance. In addition, higher wages should aid private consumption, despite more pessimistic consumer sentiment. However, weaker housing investment will likely dampen activity, while elevated household debt poses a downside risk. Met the why particular panelists see GDP rising 2.6% in 2018, unchanged from last month’s forecast, and 2.1% in 2019.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.48||-4.79 %||Aug 15|
|Exchange Rate||9.21||-0.20 %||Aug 15|
|Stock Market||1,594||0.14 %||Aug 15|
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Sweden Economic News
August 11, 2018
Consumer prices in Sweden rose 0.5% on a month-on-month basis in July according to data released by Statistics Sweden (SCB), up from June’s 0.2%.
August 6, 2018
Total industrial production, excluding energy, increased a seasonally-adjusted 0.2% in June over the previous month, down from May’s revised 3.8% expansion (previously reported: 1.8% month-on-month), according to Statistics Sweden (SCB).
July 30, 2018
According to preliminary figures released by Statistics Sweden on 30 July, the economy expanded a notable 1.0% over the previous quarter in seasonally-adjusted terms, up from Q1’s revised 0.8% figure (previously reported: +0.7% quarter-on-quarter) and double market expectations.
July 26, 2018
The economic tendency indicator rose from 118.7 in June to 119.6 in July.
July 12, 2018
Consumer prices in Sweden rose 0.2% on a month-on-month basis in June according to data released by Statistics Sweden (SCB), matching May’s figure.