Exports in Sweden
Sweden - Exports
Preliminary data revealed GDP declined in sequential terms in Q1 2022, as underlying momentum was set back. While detailed national accounts data is not yet available, the ongoing buildup of price pressures—largely stemming from the war in Ukraine—and the gradual decline of consumer sentiment should have dragged on private spending, derailing economic growth. That said, the scrapping of Covid-19 restrictions should have cushioned the fall somewhat. Moving to Q2, growth should return. In April, consumer sentiment improved from March’s near 14-year low, while both economic sentiment and business confidence remained fairly upbeat. However, headwinds are arising from supply chain disruptions caused by lockdowns in China and the Russia-Ukraine conflict. In other news, as the war drags on in Ukraine, Swedes’ support for their country to join NATO has soared to historic highs.Sweden - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 153 | 152 | 165 | 180 | 176 |
Sweden Exports Chart
Source: Riksbank.
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 fresh high in April
May 12, 2022
Consumer prices with a fixed interest rate rose 0.58% in April over the previous month, which was below March's 1.73% increase.
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Sweden: Industrial output growth improves in March
May 6, 2022
Industrial output expanded 1.7% month-on-month in seasonally-adjusted terms in March (February: +0.3% mom).
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Sweden: Riksbank unexpectedly delivers key rate hike in April
April 28, 2022
At its meeting on 27 April, the Riksbank surprised market analysts by raising its key repo rate to 0.25%—effective from 4 May—from 0.00%, where it has been since December 2019.
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Sweden: Economic sentiment deteriorates but remains optimistic in April
April 28, 2022
The economic tendency indicator (ETI) came in at 109.5 in April, down from March's 110.3.
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Sweden: Economic growth declines according to advanced Q1 data
April 28, 2022
The economy dropped 0.4% in seasonally-adjusted quarter-on-quarter terms in the first quarter of 2022, according to preliminary figures released by Statistics Sweden.
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