Sweden Economic Outlook
May 31, 2022
The economy should be recovering notable traction in the second quarter, following Q1’s setback. Underlying momentum slowed in Q1, as mounting price pressures and uncertainty weighed on consumer sentiment, and on spending in turn. Available data points to a brighter picture in the second quarter. In April, the unemployment rate remained at the joint-lowest level since March 2020, which should have supported private spending as the highest inflation rates in over three decades weighed on consumers. Further, both business confidence and economic sentiment were upbeat in the same month. Additionally, both the manufacturing and services PMIs revealed that conditions continued to improve at robust paces in April. On 18 May, Swedish and Finnish authorities submitted official applications to join NATO, abandoning long traditions of neutrality. Turkey could block their bids, however.Sweden Economic Growth
This year, economic growth is set to nearly halve, as both public and private spending growth decelerate from 2021’s strong return to growth. Lingering supply chain shocks, mounting price pressures and tighter monetary policy are risks to the outlook. Additionally, heightened geopolitical tensions cloud the outlook. FocusEconomics panelists see GDP expanding 2.7% in 2022, which is down 0.2 percentage points from last month’s forecast, and 1.9% in 2023.Sweden Economy Data
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Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.15 | -4.79 % | Jan 01 |
| Exchange Rate | 9.36 | -0.20 % | Jan 01 |
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Sweden Economic News
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Sweden: CPIF softens in October
November 15, 2022
Consumer price inflation with a fixed interest rate decelerated to 9.3% in October, down from September’s 9.7%.
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Sweden: Industrial output bounces back in September
November 9, 2022
Industrial output expanded 3.6% month on month in seasonally adjusted terms in September, which contrasted August's 6.9% plunge.
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Sweden: Economic growth beats expectations and maintains momentum in Q3 according to advanced data
October 28, 2022
The economy fared well in the third quarter of 2022 and defied fears of a contraction.
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Sweden: Economic sentiment plunges to over two-year low in October
October 27, 2022
The economic tendency indicator (ETI) deteriorated once again in October, coming in at 84.6, down from September’s 90.8.
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Sweden: CPIF comes in at highest level since June 1991 in September
October 13, 2022
Consumer price with a fixed interest rate inflation soared to 9.7% in September, up from August’s 9.0%.
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