Trade Balance in Sweden
Sweden - Trade BalanceThe 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 - Trade Balance Data
|Trade Balance (USD billion)||14.2||11.0||11.3||11.1||18.5|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Trade Balance Chart
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
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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).
June 29, 2022
The economic tendency indicator (ETI) moderated to 105.9 in June, down from May's 110.3.
June 29, 2022
At its meeting on 29 June, the Riksbank raised its key repo rate by 50 basis points, bringing it to 0.75% from 6 July.