Current Account in Sweden
Sweden - Current Account
Activity picked up in Q3, according to a preliminary reading, with growth accelerating from Q2’s mild rise. The upturn likely came on the back of improving private consumption and a robust external sector: Merchandise exports grew at a double-digit rate in annual terms across July–September as restrictions were generally eased in key international markets. Momentum likely rolled over into Q4, as evidenced by the economic tendency indicator rising back towards its record high in October amid improving business confidence. Moreover, PMI readings for both the manufacturing and services sectors remained well within expansionary territory in October. Regarding the pandemic, while daily cases remain relatively low and inoculation rates are above the EU average, concern over spiking infections in northern Europe recently prompted authorities to introduce a vaccination pass for large public gatherings.Sweden - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | 4.1 | 3.5 | 3.1 | 2.5 | 4.2 |
Sweden Current Account Chart
Source: Riksbank and FocusEconomics calculations.
Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.15 | -4.79 % | Jan 01 |
| Exchange Rate | 9.36 | -0.20 % | Jan 01 |
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Economic News
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Sweden: Inflation comes in at highest level in 13 years in October
November 15, 2021
Consumer prices with a fixed interest rate increased 0.23% in October over the previous month, moderating from September's 0.53% rise.
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Sweden: Decline in industrial output softens in September
November 9, 2021
Industrial output dropped 0.4% in month-on-month seasonally-adjusted terms in September, which was a smaller contraction than August's 2.2% decrease.
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Sweden: Economic sentiment improves in October
October 28, 2021
The economic tendency indicator (ETI) increased slightly in October, rising to 120.0 from 119.4 in September, and so pushed back towards the historically high level hit in July.
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Sweden: Inflation comes in at highest level in 13 years in September
October 14, 2021
Consumer prices with a fixed interest rate increased 0.53% in September over the previous month, matching August's reading.
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Sweden: Industrial activity records largest decline in over one year in August
October 7, 2021
Industrial production decreased 2.6% month-on-month in seasonally-adjusted terms in August (July: -0.4% mom).
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