Trade Balance in Sweden
Sweden - Trade BalanceThe economy expanded at a faster rate than previously estimated in Q3, accelerating from Q2’s mild growth. The domestic economy spearheaded the upturn, with household spending rising to its highest level in a year. Meanwhile, a mild increase in exports and a faster rise in imports saw the external sector weigh somewhat on the overall reading. Momentum likely carried over into Q4, as evidenced by the economic tendency indicator remaining close to a record-high level in October–November amid solid business confidence. Moreover, PMI readings for both the manufacturing and services sectors remained well within expansionary territory in the same period, while the unemployment rate fell to an 18-month low in November, likely supporting household spending. Meanwhile, authorities recently further tightened domestic Covid-19-related measures until at least 31 January amid rising daily cases.
Sweden - Trade Balance Data
|Trade Balance (USD billion)||14.2||11.0||11.3||11.1||18.5|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Trade Balance Chart
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
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December 21, 2021
The economic tendency indicator (ETI) fell in December to 117.1 from 117.6 in November.
December 14, 2021
Consumer prices with a fixed interest rate rose 0.48% over the previous month in November, picking up from October's 0.23% increase.
December 7, 2021
Industrial production increased 1.8% month-on-month in seasonally-adjusted terms in October, contrasting the 0.2% drop recorded in September.
November 29, 2021
The economy expanded 2.0% in seasonally-adjusted quarter-on-quarter terms in the third quarter of 2021, picking up from the 1.0% rise logged in Q2 and increasing slightly from the 1.8% estimate in the preliminary Q3 release.
November 29, 2021
On 24 November, the Swedish parliament voted for Magdalena Andersson to become the country’s new prime minister, replacing her outgoing colleague Stefan Löfven.