Sweden Economic Outlook
April 30, 2019
The economy likely grew at a softer pace in the first quarter of this year, following the fourth quarter’s robust showing. Industrial production was subdued in January and February, while the manufacturing PMI was broadly stable in March, but rounded out a weaker average reading for the quarter. Meanwhile, the services sector appears to have lost momentum at the end of Q1, as reflected in a fall in the services PMI. Nevertheless, retail sales were upbeat in January and February, supported by low unemployment. Turning to Q2, leading data shows consumer confidence remained downbeat in April. In other news, on 10 April the Ministry of Finance announced amendments to this year’s budget. The reforms totaled SEK 4.5 billion in additional expenditure and included new commitments to tackle climate change, reduce employer tax contributions and hire more teaching assistants in schools.Sweden Economic Growth
Economic growth is seen cooling this year. Slowing residential investment and a weaker external sector due to a sluggish eurozone are projected to weigh on the economy. That said, stronger fiscal stimulus and solid household spending, supported by a healthy labor market, should buoy growth. Elevated household debt remains a key downside risk to the outlook. FocusEconomics panelists see GDP rising 1.6% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.7% in 2020.Sweden Economy Data
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Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.21 | -4.79 % | May 13 |
| Exchange Rate | 9.64 | -0.20 % | May 13 |
| Stock Market | 1,574 | 0.14 % | May 13 |
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Sweden Economic News
Sweden: CPI and CPIF inflation accelerate in April
May 14, 2019
The consumer price index (CPI) rose 0.7% in April compared to the previous month, up from 0.2% in March.
Sweden: Industrial production declines in March
May 7, 2019
According to Statistics Sweden, total industrial production excluding energy fell a seasonally-adjusted 3.3% over the prior month in March, contrasting the revised 0.3% increase logged in February (previously reported: +0.4% month-on-month).
Sweden: Economic sentiment improves slightly in April
April 25, 2019
The economic tendency indicator rose to 102.7 points in April from March’s revised 101.9 points (previously reported: 101.7).
Sweden: The Riksbank maintains accommodative monetary policy stance in April, signals delayed rate hike and slower tightening
April 25, 2019
At its 25 April monetary policy meeting, the Riksbank left the repo rate unchanged at minus 0.25%, which was in line with market expectations.
Sweden: CPI inflation stable in March, CPIF inflation edges down
April 11, 2019
Consumer prices in Sweden rose 0.2% in March, down from the 0.7% increase logged in January.
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