Sweden Economic Outlook
February 26, 2019
Economic growth in quarter-on-quarter terms was likely solid in Q4, although this was in part due to a favorable base of comparison after temporary factors saw the economy contract in Q3. Underlying economic momentum appeared to ebb, however, as evidenced by a slump in retail sales, lower average PMI readings compared to the previous quarter and sluggish growth in industrial production. Turning to Q1, available data points to a moderation in activity, in line with soft dynamics across the EU as a whole. Both the services and manufacturing PMIs declined in January, while the economic tendency indicator dropped sharply in the same month on worse sentiment in the manufacturing, retail and service sectors. Nevertheless, the labor market continues to perform well, as evidenced by robust annual employment growth in January.Sweden Economic Growth
Growth is set to slow notably this year, amid weaker Eurozone prospects and soft housing investment. However, the strong labor market and mild inflation should buoy private consumption, while government consumption should benefit from the new government’s more expansionary fiscal stance. Elevated household debt, meanwhile, poses a downside risk to the outlook. FocusEconomics panelists see GDP rising 1.6% in 2019, down 0.1 percentage points from last month’s forecast, and 1.8% in 2020.Sweden Economy Data
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Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.30 | -4.79 % | Mar 11 |
| Exchange Rate | 9.38 | -0.20 % | Mar 11 |
| Stock Market | 1,570 | 0.14 % | Mar 11 |
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Sweden Economic News
Sweden: CPI inflation steady in February, CPIF inflation dips
March 12, 2019
Consumer prices in Sweden rose 0.7% in February, contrasting January’s 1.0% decline, according to data released by Statistics Sweden (SCB).
Sweden: Industrial production softens in January
March 5, 2019
According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 0.1% in January over the previous month, down from December’s revised 1.6% increase (previously reported: +1.8%).
Sweden: Economy rebounds in Q4 on strong exports and recovering consumption
February 28, 2019
According to data released by Statistics Sweden (SCB) on 28 February, the economy grew 1.2% in seasonally adjusted terms in the fourth quarter over the third quarter.
Sweden: Economic sentiment edges up in February
February 27, 2019
The economic tendency indicator rose from January’s revised 102.0 (previously reported: 101.9) to 102.4 in February, interrupting four consecutive months of decline.
Sweden: CPIF and CPI inflation fall in January
February 19, 2019
Consumer prices in Sweden fell 1.0% in January, contrasting December’s 0.4% rise, according to data released by Statistics Sweden (SCB).
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