Sweden Economic Outlook
October 25, 2016Recent indicators have given conflicting signals about Sweden’s economic performance, but overall they point to a deceleration in Q3 after the GDP reading for Q2 had surprised on the upside with a mild acceleration. Although upbeat indicators in September suggest that both consumers and businesses are reasonably optimistic about future economic conditions, a recent business survey published by the Riksbank warned of a clouded outlook for companies, which are concerned about rising geopolitical uncertainty. The latest data confirm the Riksbank’s pessimistic view. Industrial production fell to its lowest level since July 2015 and exports slumped in the three months to August, despite the plunging krone.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.21||31.04 %||Oct 26|
|Exchange Rate||8.91||-0.20 %||Oct 26|
|Stock Market||1,454||0.20 %||Oct 26|
Sweden Economic Growth
October 25, 2016Despite concerns of a deceleration, the Swedish economy will remain among the best performing economies in Europe in 2016. However, subdued exports due to weak global demand will hamper the expansion this year and the next. FocusEconomics panelists see GDP rising 3.1% in 2016, which is unchanged from last month's projection. In 2017, the panel expects GDP growth to slow to 2.3%.
Sweden Economic News
October 11, 2016
In September, consumer prices inched up 0.2% from the previous month, contrasting August’s 0.1% drop and falling short of market expectations of a 0.5% increase.
October 5, 2016
Industrial production dropped 4.1% from the previous month in seasonally-adjusted terms in August.
September 20, 2016
The Swedish economy lost steam in the first half of this year in comparison with 2015, although it remained amongst the best performing Nordic economies, which are suffering as the stagnation in global demand puts the brakes on their key exports sector.
September 13, 2016
In August, consumer prices inched down 0.1% over the previous month, contrasting both July’s 0.1% increase and market expectations of a flat reading.
September 7, 2016
At its 6 September policy meeting, the Riksbank decided to hold its repo rate at a record low of minus 0.50%, as expected by the market, and postponed the future interest rate hikes it had planned, which are now set for the second half of 2017.