Current Account in Sweden
Sweden - Current Account
The economy shrank in the third quarter according to recent figures, although this was due in large part to temporary factors. Lower vehicle sales—following tax changes which caused a front-loading of sales in the second quarter—depressed private consumption, while inventories subtracted notably from GDP. In contrast, fixed investment rose strongly, while the external sector strengthened. The underlying picture was one of an economy still in good health, but losing momentum compared to the high growth observed in previous quarters. The economy should have rebounded in the fourth quarter, and available indicators for the period point to fairly robust activity. Both the services and manufacturing PMIs were comfortably in expansionary territory in November thanks to solid growth in new orders, while in December the economic tendency indicator remained well above the neutral 100 mark. On the political front, the country is still without a government following the general election over three months ago. On 14 December, parliament voted against Social Democrat leader and caretaker Prime Minister Stefan Löfven becoming prime minister, a few weeks after Annie Lööf—leader of the Centre Party—abandoned her attempt to form a government.Sweden - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | 5.2 | 4.5 | 4.5 | 4.2 | 3.3 |
Sweden Current Account Chart
Source: Riksbank and FocusEconomics calculations.
Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.44 | -4.79 % | Jan 16 |
| Exchange Rate | 9.00 | -0.20 % | Jan 16 |
| Stock Market | 1,469 | 0.14 % | Jan 16 |
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Economic News
Sweden: CPIF inflation ticks up in December, CPI inflation unchanged
January 14, 2019
Consumer prices in Sweden rose 0.4% month-on-month in December, contrasting November’s 0.1% decline, according to data released by Statistics Sweden (SCB).
Sweden: Industrial production falls in November
January 10, 2019
According to Statistics Sweden, total industrial production excluding energy decreased a seasonally-adjusted 0.4% in November over the previous month, contrasting October’s revised 2.7% increase (previously reported: +2.8% month-on-month).
Sweden: Riksbank hikes rates in December, suggests further hike in H2 2019
December 20, 2018
At its 19 December monetary policy meeting, the Riksbank decided to hike its repo rate from minus 0.50% to minus 0.25%.
Sweden: Economic sentiment unchanged in December
December 19, 2018
The economic tendency indicator was stable in December at November’s revised 106.3 (previously reported: 106.7).
Sweden: CPI and CPIF inflation decline in November
December 12, 2018
Consumer prices in Sweden declined 0.1% month-on-month in November, matching October’s figure, according to data released by Statistics Sweden (SCB).
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