Sweden Economic Outlook
December 23, 2021
The economy expanded at a faster rate than previously estimated in Q3, accelerating from Q2’s mild growth. The domestic economy spearheaded the upturn, with household spending rising to its highest level in a year. Meanwhile, a mild increase in exports and a faster rise in imports saw the external sector weigh somewhat on the overall reading. Momentum likely carried over into Q4, as evidenced by the economic tendency indicator remaining close to a record-high level in October–November amid solid business confidence. Moreover, PMI readings for both the manufacturing and services sectors remained well within expansionary territory in the same period, while the unemployment rate fell to an 18-month low in November, likely supporting household spending. Meanwhile, authorities recently further tightened domestic Covid-19-related measures until at least 31 January amid rising daily cases.Sweden Economic Growth
Economic growth is set to slow in 2022 after this year’s projected healthy rebound. Easing private consumption growth will drive the slowdown, while a normalization of global trade dynamics will see export growth fall in turn. Pandemic-related uncertainty amid the spread of the Omicron variant, and supply chain disruptions remain key risks to the outlook. FocusEconomics panelists see GDP expanding 3.3% in 2022, which is unchanged from last month’s forecast, and 2.1% 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: Inflation comes in at highest level in 23 years in December
January 14, 2022
Consumer prices with a fixed interest rate (CPIF) rose 1.29% over the previous month in December, accelerating from November's 0.48% rise.
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Sweden: Industrial output growth moderates in November
January 10, 2022
Industrial production expanded 0.3% month-on-month in seasonally-adjusted terms in November, slowing markedly from October’s 2.5% surge.
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Sweden: Economic sentiment moderates in December
December 21, 2021
The economic tendency indicator (ETI) fell in December to 117.1 from 117.6 in November.
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Sweden: Inflation hits near 28-year high in November
December 14, 2021
Consumer prices with a fixed interest rate rose 0.48% over the previous month in November, picking up from October's 0.23% increase.
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Sweden: Industrial output bounces back in October
December 7, 2021
Industrial production increased 1.8% month-on-month in seasonally-adjusted terms in October, contrasting the 0.2% drop recorded in September.
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