Sweden Economic Outlook
April 30, 2018The economy likely slowed in the first quarter from its strong showing at the end of last year. The average PMI and economic sentiment readings over the quarter both fell from their Q4 average, but overall remained healthy. Industrial production also fell in February. On the other hand, the further depreciation of the krona throughout the quarter provided support to an external sector already buoyed by robust demand growth in Europe. Signs for Q2 are, meanwhile, positive: Economic sentiment rebounded in April, and the strong momentum of the labor market in Q1 looks poised to continue, particularly in the service sector. However, a further correction in the housing market could dampen private consumption.
Sweden Economic GrowthGrowth should remain solid in the coming year, as the strong global dynamics boosts exports. A tight labor market should support healthy wage growth, while a more expansionary fiscal stance is expected to further buttress economic activity. The main downside risk in the short-term is the weak housing market, which is likely to slide further this year. This would hurt fixed investment growth as the construction sector cools down, and reduce spending by households, which have a high level of mortgage debt. FocusEconomics panelists see GDP rising 2.7% in 2018, which is unchanged from last month’s forecast, and 2.2% in 2019.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.70||-4.79 %||May 21|
|Exchange Rate||8.67||-0.20 %||May 21|
|Stock Market||1,626||0.14 %||May 21|
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Sweden Economic News
May 9, 2018
Consumer prices in Sweden rose 0.4% on a month-on-month basis in April according to data released by Statistics Sweden (SCB), up from March’s 0.3% increase.
May 6, 2018
Total industrial production excluding energy increased a seasonally-adjusted 0.5% in March over the previous month according to Statistics Sweden (SCB), contrasting February’s revised 0.9% decrease (previously reported: -0.8% month-on-month).
April 26, 2018
The economic tendency indicator rebounded in April to 110.4, up from the upwardly-revised 108.8 reading in March (previously reported: 108.4).
Sweden: Riksbank keeps rates unchanged in April, signals further delay of rate hikes until the end of year
April 26, 2018
At its 26 April monetary policy meeting, the Riksbank decided to keep the monetary policy rate unchanged at a record low of minus 0.50%.
April 13, 2018
Consumer prices in Sweden rose 0.3% on a month-on-month basis in March according to data released by Statistics Sweden (SCB).