Unemployment in Sweden
Sweden - UnemploymentThe economy seems to have lost further traction in the second quarter. The economic tendency indicator, which incorporates business and consumer confidence, fell to a near six-year low in June. Throughout Q2, the indicator also averaged well below Q1’s level, as did both the PMI readings for the manufacturing and services sectors. This bodes poorly for private consumption and investment in the quarter. Nevertheless, the unemployment rate held steady in May for the third month running and remained just a notch above January’s decade-low rate. Moreover, on the external front, nominal merchandise exports grew strongly in April?May. Elsewhere, in good news for the public purse, the 10-year government bond yield has been lingering at multi-decade lows in recent days, even temporarily dropping into negative territory in early July.
Sweden - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Sweden Unemployment Chart
Source: Statistics Sweden.
|Bond Yield||-0.13||-4.79 %||Jul 31|
|Exchange Rate||9.65||-0.20 %||Jul 31|
|Stock Market||1,600||0.14 %||Jul 31|
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August 14, 2019
The consumer price index (CPI) increased 0.4% in July compared to the previous month, contrasting the 0.1% decrease in June.
July 25, 2019
The economic tendency indicator fell to 96.8 points in July, down from 98.1 points in June and marking the lowest reading since September 2013.
July 11, 2019
The consumer price index (CPI) decreased 0.1% in June compared to the previous month, contrasting the 0.3% increase in May.
July 5, 2019
Total industrial production excluding energy fell a seasonally-adjusted 0.7% over the prior month in May, down from April’s upwardly revised 1.7% increase (previously reported: +1.3% month-on-month).
July 3, 2019
At its 2 July monetary policy meeting, the Riksbank left the repo rate unchanged at minus 0.25%, as had been widely expected by market analysts.