Investment in Sweden
Sweden - Investment
Economic rebound slows according to advanced Q4 data
The economy expanded 0.5% in the fourth quarter of 2020, in quarter-on-quarter seasonally-adjusted terms, according to preliminary figures released by Statistics Sweden. The result was well below the 4.9% rise recorded in Q3 and came in slightly below market expectations. In calendar-adjusted annual terms, the economy shrank 2.6%, softening from the 2.7% drop recorded in Q3.
The quarterly slowdown came amid rising infection rates both domestically and in key trading partners, likely weighing heavily on services activity in the quarter. Nevertheless, Q4’s estimate puts the overall contraction for 2020 at 2.8%, which compares very favorably with most major European economies.
A more comprehensive breakdown of Q4 GDP will be released on 26 February.
Torbjörn Isaksson, chief analyst at Nordea, is optimistic regarding the outlook, commenting:
“Near term, the recovery will slow due to the rising infection rates and the tighter restrictions in Sweden and abroad. But the slowdown in Sweden is expected to be mild. It will not lead to any persisting economic problems and thus not impede the future recovery. The situation is uncertain, and further restrictions affecting growth cannot be ruled out near term.”
FocusEconomics Consensus Forecast panelists see GDP growing 2.8% in 2021, which is down 0.1 percentage points from last month’s forecast, and 3.3% in 2022.
Sweden - Investment Data
|Investment (annual variation in %)||6.9||4.0||5.5||1.4||-1.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 18, 2021
Consumer prices with a fixed interest rate fell 0.34% from the previous month in January, swinging from the 0.73% rise logged in December.
February 9, 2021
At its meeting on 9 February, the Riksbank kept its monetary policy unchanged, holding its key repo rate at 0.00% and maintaining its asset purchasing program. The decision came amid a slightly more optimistic tone, with the Bank noting that “the Swedish economy has been more resilient to the second wave of the pandemic than to the first”.
February 5, 2021
Industrial output increased 0.4% in month-on-month seasonally-adjusted terms in December, which matched November's 0.4% increase.
February 1, 2021
The economy expanded 0.5% in the fourth quarter of 2020, in quarter-on-quarter seasonally-adjusted terms, according to preliminary figures released by Statistics Sweden.
January 28, 2021
Economic tendency indicator came in at 100.0 in January, up from December's 95.9.