Sweden Economic Outlook
September 25, 2018Comprehensive figures show Sweden’s economy performed well in the second quarter, although growth for the first half of the year was revised down notably from initial estimates. In Q2, the economy was driven by solid private consumption gains—likely thanks to a strong labor market—and an improvement in the external sector. Looking ahead to the third quarter, the outlook seems fairly positive. The economic tendency indicator rose for the third straight month in August and hints at much stronger growth than normal, buoyed by optimism in the manufacturing sector. In addition, employment growth remains robust. On the other hand, the unemployment rate has ticked up slightly so far in Q3 due to a larger workforce and matching problems in the labor market, while industrial production declined over the previous month in July. Moreover, in the political arena, general elections on 9 September resulted in a fractured parliament with uncertainty over the composition of the next government. Despite this, the economic fallout from greater political instability should be minimal.
Sweden Economic GrowthLooking ahead, growth prospects are sound thanks to strong fixed investment and faster wage growth. However, weaker residential investment and slower growth in key trading partners will likely dampen activity, while elevated household debt poses a downside risk. FocusEconomics panelists see GDP rising 2.7% in 2018 and 2.1% in 2019, unchanged from last month’s forecast.
Sweden Economy Data
5 years of Sweden economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||0.72||-4.79 %||Oct 12|
|Exchange Rate||8.96||-0.20 %||Oct 12|
|Stock Market||1,536||0.14 %||Oct 12|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Sweden Economic News
October 11, 2018
Consumer prices in Sweden rose 0.5% month-on-month in September according to data released by Statistics Sweden (SCB), contrasting August’s 0.2% decline.
October 3, 2018
Total industrial production excluding energy increased a seasonally-adjusted 0.6% in August over the previous month, contrasting July’s revised 2.6% contraction (previously reported: -2.2% month-on-month), according to Statistics Sweden (SCB).
September 27, 2018
The economic tendency indicator inched up from a revised 111.6 in August (previously reported: 111.5) to 111.7 in September.
September 20, 2018
In general elections held on 9 September, both the center-left and center-right blocs lost support and lack an absolute majority, while parties on the extremes of the political spectrum gained ground.
September 14, 2018
Consumer prices in Sweden declined 0.2% month-on-month in August according to data released by Statistics Sweden (SCB), contrasting July’s 0.5% rise.