Sweden Economic Outlook
November 21, 2017The economy remains in sturdy shape heading towards the end of the year, after a robust performance in Q2 thanks to strong expansions in private consumption and fixed investment. Industrial production rebounded in September after two consecutive monthly declines, while the economic sentiment indicator continued to indicate above-normal growth in October thanks to greater optimism in the building and civil engineering, retail trade and private service sectors. In addition, retail sales were strong in Q3, likely aided by low unemployment. However, the flipside of the tight labor market is the increasing prevalence of labor shortages and long recruitment times. Another more pressing concern is high and rising household debt linked to a surge in house prices in recent years, and a banking sector highly exposed to real estate. With interest rates set to remain low for some time to come, the Central Bank recently called for further macroprudential measures to cool the market and slow the build-up of debt.
Sweden Economic GrowthGrowth should be brisk in 2018, despite dipping somewhat compared to the high rates recorded in recent years. The economy will be supported by the further tightening of the labor market, expansionary fiscal policy and solid fixed investment. However, high household debt will continue to cast a shadow over the economy. FocusEconomics panelists see GDP rising 2.7% in 2018, which is up 0.1 percentage points 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||0.66||-4.79 %||Dec 06|
|Exchange Rate||8.43||-0.20 %||Dec 06|
|Stock Market||1,595||0.14 %||Dec 06|
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Sweden Economic News
December 12, 2017
Consumer prices in Sweden rose 0.2% in November on a month-on-month basis, contrasting October’s 0.1% decline and slightly overshooting analysts’ expectations.
November 29, 2017
The Swedish economy continued to roar ahead in the third quarter according to new data released on 29 November by Statistics Sweden (SCB).
November 29, 2017
The economic tendency indicator increased from a revised 113.4 in October (previously reported: 113.3) to 114.1 in November according to the National Institute of Economic Research (NIER), marking the eighth successive month above 110.0.
November 14, 2017
Consumer prices in Sweden dipped 0.1% in October on a month-on-month basis, contrasting the previous month’s 0.1% increase and undershooting analysts’ expectations of a 0.1% rise.
November 2, 2017
Industrial production rose a seasonally-adjusted 2.2% in September over the previous month according to Statistics Sweden (SCB), down from August’s revised 1.6% decline (previously reported: -1.7% mom).