Current Account in Sweden
Sweden - Current AccountThe economy should be recovering notable traction in the second quarter, following Q1’s setback. Underlying momentum slowed in Q1, as mounting price pressures and uncertainty weighed on consumer sentiment, and on spending in turn. Available data points to a brighter picture in the second quarter. In April, the unemployment rate remained at the joint-lowest level since March 2020, which should have supported private spending as the highest inflation rates in over three decades weighed on consumers. Further, both business confidence and economic sentiment were upbeat in the same month. Additionally, both the manufacturing and services PMIs revealed that conditions continued to improve at robust paces in April. On 18 May, Swedish and Finnish authorities submitted official applications to join NATO, abandoning long traditions of neutrality. Turkey could block their bids, however.
Sweden - Current Account Data
|Current Account (% of GDP)||4.1||3.5||3.1||2.5||4.2|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Current Account Chart
Source: Riksbank and FocusEconomics calculations.
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
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February 8, 2023
Industrial output increased 0.6% in month-on-month seasonally adjusted terms in December, which contrasted November's 2.8% decrease.
January 26, 2023
The economic tendency indicator (ETI) deteriorated for an eighth consecutive month in January, coming in at 82.3, down from December’s 85.0.
January 13, 2023
Consumer price inflation with a fixed interest accelerated to 10.2% in December, above November’s 9.5%.
January 10, 2023
Industrial production decreased 2.9% month on month in seasonally-adjusted terms in November (October: -0.8% mom).
December 21, 2022
The economic tendency indicator (ETI) deteriorated for a seventh consecutive month in December, coming in at 84.7, down from November’s 85.1.