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: The Riksbank delivers larger-than-expected hike in September
September 20, 2022
At its meeting on 19 September, the Riksbank delivered its largest increase in nearly 30 years: a 100 basis point raise, bringing the policy rate to 1.75%.
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Sweden: CPIF soars to over three-decade high in August
September 14, 2022
Consumer price with a fixed interest rate inflation jumped to 9.0% in August, up from July’s 8.0%.
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Sweden: Industrial output growth speeds up in July
September 7, 2022
Industrial output expanded 5.0% in month-on-month seasonally-adjusted terms in July, which followed June's 1.7% increase.
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Sweden: Economic sentiment records worst reading since December 2020 in August
August 30, 2022
The economic tendency indicator (ETI) came in at 97.5 in August, down from July's 101.4.
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Sweden: GDP growth accelerates in Q2; moderates markedly from preliminary estimate
August 29, 2022
Underlying momentum strengthened in the second quarter of 2022, as GDP expanded 0.9% on a seasonally-adjusted quarter-on-quarter basis, accelerating from the 0.2% growth tallied in the first quarter.
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