Current Account in Sweden
Sweden - Current Account
The economy hit a soft patch in the first quarter. Sluggish domestic demand in Q1 was the result of a downturn in private consumption and a dip in fixed investment, weighed on by weaker residential investment. Spending by consumers and businesses were likely both hampered by concerns over the weak housing market. Available data for Q2 suggests the economy likely remained weak. Consumer confidence was entrenched in pessimistic territory in May and June, although retail sales increased in April. More positively, the industrial sector appears to have stabilized in the second quarter: Industrial production rebounded in April on recovering manufacturing output, while operating conditions in the manufacturing sector improved at a faster clip in May, thanks to rising new orders. Moreover, a weaker krona throughout the quarter bodes well for export-oriented sectors.Sweden - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | 5.2 | 4.5 | 4.2 | 3.8 | 2.8 |
Sweden Current Account Chart
Source: Riksbank and FocusEconomics calculations.
Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.12 | -4.79 % | Jul 11 |
| Exchange Rate | 9.38 | -0.20 % | Jul 11 |
| Stock Market | 1,613 | 0.14 % | Jul 11 |
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Economic News
Sweden: CPI and CPIF inflation slow in June
July 11, 2019
The consumer price index (CPI) decreased 0.1% in June compared to the previous month, contrasting the 0.3% increase in May.
Sweden: Industrial production growth moderates in May
July 5, 2019
Total industrial production excluding energy fell a seasonally-adjusted 0.7% over the prior month in May, down from April’s upwardly revised 1.7% increase (previously reported: +1.3% month-on-month).
Sweden: The Riksbank holds fire in July; forward guidance unchanged
July 3, 2019
At its 2 July monetary policy meeting, the Riksbank left the repo rate unchanged at minus 0.25%, as had been widely expected by market analysts.
Sweden: Economic sentiment deteriorates further in June
June 19, 2019
The economic tendency indicator fell to 98.1 points in June from May’s revised 99.4 points (previously reported: 99.8 points), marking the lowest reading since September 2013.
Sweden: CPI and CPIF inflation accelerate in May
June 14, 2019
The consumer price index (CPI) rose 0.3% month-on-month in May, down from the 0.7% increase logged in April.
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