Sweden Economic Outlook
September 26, 2017Revised data from 13 September showed that the economy grew at a slower pace than initially reported in Q2, although the expansion was still impressive. The momentum was driven by the external sector, which offset weaker growth in domestic demand. However, recent data seems to indicate that the slowing propulsion has extended into Q3. The PMI, though still above the crucial 50-point mark, fell to its lowest level of the year to date in August on the back of weaker growth in production and new orders. On the other hand, recent unemployment data shows a bright spot for the Swedish economy: Joblessness decreased in the first two months of Q3, boding well for private consumption. Meanwhile, Prime Minister Stefan Löfven survived a motion of no confidence on 15 September by a wide margin following a data breach scandal.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.64||-5.79 %||Oct 13|
|Exchange Rate||8.12||-0.12 %||Oct 13|
|Stock Market||1,642||-0.13 %||Oct 13|
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Sweden Economic Growth
September 26, 2017Economic growth is expected to decelerate significantly this year and next, though healthy labor market dynamics are likely to buttress private consumption. Fixed investment growth, driven by the construction sector, is also expected to remain solid. However, the economic panorama is clouded by the potential overheating of the housing market and household debt. Met the why particular panelists see GDP rising 2.9% in 2017. For 2018, they see growth decelerating to 2.5%, up 0.1 percentage points from last month’s forecast.
Sweden Economic News
September 13, 2017
After a slow start to the year, the Swedish economy performed better in the second quarter, albeit at a more moderate pace than initially reported.
September 12, 2017
Consumer prices in Sweden fell 0.2% in August on a month-on-month basis, contrasting the previous month’s 0.5% increase.
September 7, 2017
At its 7 September monetary policy meeting, the Riksbank kept the repo rate steady at a record low of minus 0.50%, resisting calls to normalize monetary policy as the economy is recovering well.
September 6, 2017
In contrast to June’s increase, industrial production contracted a seasonally-adjusted 0.9% over the previous month in July (June: +0.9% month-on-month; previously reported: +0.8% mom), according to preliminary figures.
August 15, 2017
Consumer prices increased 0.5% in July, coming in above the previous month’s 0.1% rise and marking the highest reading in three months.