Exchange Rate in Sweden
Sweden - Exchange RateEconomic growth in quarter-on-quarter terms was likely solid in Q4, although this was in part due to a favorable base of comparison after temporary factors saw the economy contract in Q3. Underlying economic momentum appeared to ebb, however, as evidenced by a slump in retail sales, lower average PMI readings compared to the previous quarter and sluggish growth in industrial production. Turning to Q1, available data points to a moderation in activity, in line with soft dynamics across the EU as a whole. Both the services and manufacturing PMIs declined in January, while the economic tendency indicator dropped sharply in the same month on worse sentiment in the manufacturing, retail and service sectors. Nevertheless, the labor market continues to perform well, as evidenced by robust annual employment growth in January.
Sweden - Exchange Rate Data
|Exchange Rate (vs USD)||6.44||7.80||8.45||9.11||8.20|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||0.30||-4.79 %||Mar 11|
|Exchange Rate||9.38||-0.20 %||Mar 11|
|Stock Market||1,570||0.14 %||Mar 11|
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March 12, 2019
Consumer prices in Sweden rose 0.7% in February, contrasting January’s 1.0% decline, according to data released by Statistics Sweden (SCB).
March 5, 2019
According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 0.1% in January over the previous month, down from December’s revised 1.6% increase (previously reported: +1.8%).
February 28, 2019
According to data released by Statistics Sweden (SCB) on 28 February, the economy grew 1.2% in seasonally adjusted terms in the fourth quarter over the third quarter.
February 27, 2019
The economic tendency indicator rose from January’s revised 102.0 (previously reported: 101.9) to 102.4 in February, interrupting four consecutive months of decline.
February 19, 2019
Consumer prices in Sweden fell 1.0% in January, contrasting December’s 0.4% rise, according to data released by Statistics Sweden (SCB).