Current Account in Sweden
Sweden - Current Account (billions of U.S. Dollars)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 - Current Account (USD bn) Data
|Current Account Balance (USD bn)||20.6||18.3||16.6||14.0||22.3|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Current Account (USD bn) Chart
Source: Riksbank and FocusEconomics calculations.
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
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August 10, 2022
Industrial output increased 1.3% in month-on-month seasonally-adjusted terms in June, which followed May's 0.9% increase.
July 28, 2022
The economy rebounded strongly in the second quarter of 2022, with GDP expanding 1.4% in seasonally-adjusted quarter-on-quarter terms, according to preliminary figures released by Statistics Sweden.
July 28, 2022
The economic tendency indicator (ETI) came in at 101.3 in July, down from June's 105.7.
July 14, 2022
Consumer prices with a fixed interest rate rose 1.25% from the previous month in June, accelerating from the 0.97% rise seen in May.
July 6, 2022
Industrial production expanded 0.7% month-on-month in seasonally-adjusted terms in May (April: -1.5% mom).