Sweden Economy
Sweden’s gdp growth annual decreased to -2.5 by -66.67% on July 2020 from -7.5 in the previous Quarterly. On a year on year basis Sweden’s gdp growth annual decreased by -171.43%. Sweden’s gdp growth annual trend is down since the current value of -2.5 is lower than the 12 month moving average of 0.608333.Sweden’s inflation cpi decreased to 0.2 by -33.33% on November 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s inflation cpi decreased by -87.5%. Sweden’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.Sweden’s unemployment rate decreased to 7.7 by -1.28% on November 2020 from 7.8 in the previous Monthly. On a year on year basis Sweden’s unemployment rate increased by 13.24%. Sweden’s unemployment rate trend is down since the current value of 7.7 is lower than the 12 month moving average of 8.10833.
Sweden Financial Markets
Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
---|---|---|---|---|---|---|---|---|---|---|
OMX Stockholm 30 | OMXS | 2154.38 | 0 | -0.5 | -1.55128 | 51.9869 | 0.01386 | -0.01301 | 0.03331 | -0.04267 |
Sweden ETF | EWD | 40.36 | 0.5 | -0.5 | -1.57916 | 57.8658 | 0.03727 | 0.01153 | 0.11001 | -0.09588 |
Swedish Krona US Dollar (SEK/USD) | SEKUSD | 9.3278 | -0.5 | 0.25 | 1.32689 | 41.693 | -0.0171 | -0.01204 | -0.03278 | 0.09238 |
Sweden 10-Year Bond Yield | SE.10Y | 1.283 | 1 | 1 | 4.66144 | 81.1012 | 0.04906 | 0.23842 | 2.48641 | 2.42133 |
Sweden 2-year bond yield | SE.2Y | -0.309 | 0 | 0 | 0.81628 | 41.5677 | 0.03691 | -0.00323 | 0.03691 | 0.24096 |
Sweden Yield Curve | SE.YC | 0.67 | 1 | 0.75 | 1.60103 | 68.4752 | 0.45 | 1.21 | 52.62 | -0.07126 |
OMX Stockholm 30 closed up by 0.0% to 1874.74 on 23 January 2021 and +0.00361% on a weekly basis. OMX Stockholm 30 momentum was last calculated at +0.0/100 indicating positive momentum. OMX Stockholm 30 trend is +0.5/100 indicating a positive trend. OMX Stockholm 30 momentum exhaustion is 0.99888 indicating OMX Stockholm 30 is oversold.Sweden ETF closed up by 0.01464% to 40.89 on 23 January 2021 and +0.02276% on a weekly basis. Sweden ETF momentum was last calculated at +1.0/100 indicating positive momentum. Sweden ETF trend is +1.0/100 indicating a positive trend. Sweden ETF momentum exhaustion is 1.75747 indicating Sweden ETF is oversold.Sweden 10-Year Bond Yield closed up by 0.0% to 0.022 on 23 January 2021 and +-1.21782% on a weekly basis. Sweden 10-Year Bond Yield momentum was last calculated at -1.0/100 indicating negative momentum. Sweden 10-Year Bond Yield trend is +0.75/100 indicating a positive trend. Sweden 10-Year Bond Yield momentum exhaustion is 1.01541 indicating Sweden 10-Year Bond Yield is oversold.Swedish Krona US Dollar (SEK/USD) closed up by 4e-05% to 8.2281 on 23 January 2021 and +-0.00504% on a weekly basis. Swedish Krona US Dollar (SEK/USD) momentum was last calculated at -0.5/100 indicating negative momentum. Swedish Krona US Dollar (SEK/USD) trend is -1.0/100 indicating a negative trend. Swedish Krona US Dollar (SEK/USD) momentum exhaustion is -1.76041 indicating Swedish Krona US Dollar (SEK/USD) is oversold.Sweden Credit Default Swaps closed up by 0.0% to 11.3 on 23 January 2021 and +-0.00877% on a weekly basis. Sweden Credit Default Swaps momentum was last calculated at -0.5/100 indicating negative momentum. Sweden Credit Default Swaps trend is -0.5/100 indicating a negative trend. Sweden Credit Default Swaps momentum exhaustion is -0.62418 indicating Sweden Credit Default Swaps is oversold.
Sweden Macroeconomic model
MacroVar Sweden Macro model analyzes economic growth and inflation to assess the current economic conditions. Economic growth and inflation expectations are the two most important economic indicators used to assess economic conditions, forecast financial market returns and policymaker response. Sweden’s current macroeconomic conditions are analyzed below the chart. Click here to learn more about MacroVar Macro model and the leading economic indicators used for analysis.
Sweden News
Sweden Economy
Economic Activity Overview | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
gdp growth annual | 4.2 | 3 | 40 | 147.06 | UP | UP | 85.83 | 2022-07-31 |
inflation cpi | 8.5 | 8.7 | -2.3 | 507.14 | UP | UP | 98.33 | 2022-08-11 |
unemployment rate | 8.6 | 8.5 | 1.18 | -14 | UP | Down | 83.33 | 2022-07-31 |
Business & Consumer Forecast Overview | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Reserves & Outstanding Debt | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
government debt | 1074710 | 1089550 | -1.36 | -11.48 | Down | Down | 13.33 | 2022-08-06 |
government debt to gdp | 36.7 | 39.6 | -7.32 | -11.14 | Down | Down | 0 | 2022-04-29 |
external debt | 99538 | 98382 | 1.18 | 18.57 | UP | UP | 78.33 | 2022-08-06 |
foreign exchange reserves | 633751 | 620993 | 2.05 | 28.54 | UP | UP | 100 | 2022-08-11 |
gold reserves | 125.72 | 125.7 | 0.000159109 | 0 | 1.0 | -1.0 | 0.8 | 2020-07-01 |
Trade | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
current account | 57.5 | 70.3 | -18.21 | -13.53 | Down | Down | 66.67 | 2022-06-11 |
current account to gdp | 5.2 | 5.1 | 0.0196078 | -0.333333 | 1.0 | -1.0 | 0 | 2020-01-31 |
Monetary Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
interest rate | -0.25 | -0.25 | 0 | 0 | 1.0 | -1.0 | 0.608333 | 2019-10-24 |
central bank balance sheet | 1499460 | 1490820 | 0.58 | 7.13 | Down | UP | 86.67 | 2022-08-11 |
banks balance sheet | 13871100 | 14218900 | -2.45 | 20.99 | UP | UP | 98.33 | 2022-07-31 |
money supply m2 | 4981500 | 4868190 | 2.33 | 9.74 | UP | UP | 100 | 2022-07-31 |
Fiscal Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Government budget | -30497 | 69179 | -144.08 | -10.3 | Down | UP | 20 | 2022-07-31 |
government revenues | 65701 | 158771 | -58.62 | -1.21 | Down | Down | 13.33 | 2022-07-31 |
fiscal expenditure | 96199 | 89592 | 7.37 | -4.28 | UP | Down | 75 | 2022-07-31 |
Sweden’s gdp growth annual decreased to -2.5 by -66.67% on July 2020 from -7.5 in the previous Quarterly. On a year on year basis Sweden’s gdp growth annual decreased by -171.43%. Sweden’s gdp growth annual trend is down since the current value of -2.5 is lower than the 12 month moving average of 0.608333.Sweden’s inflation cpi decreased to 0.2 by -33.33% on November 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s inflation cpi decreased by -87.5%. Sweden’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.Sweden’s unemployment rate decreased to 7.7 by -1.28% on November 2020 from 7.8 in the previous Monthly. On a year on year basis Sweden’s unemployment rate increased by 13.24%. Sweden’s unemployment rate trend is down since the current value of 7.7 is lower than the 12 month moving average of 8.10833.Sweden’s manufacturing pmi icnreased to 59.1 by 1.37% on November 2020 from 58.3 in the previous Monthly. On a year on year basis Sweden’s manufacturing pmi increased by 30.18%. Sweden’s manufacturing pmi trend is down since the current value of 59.1 is lower than the 12 month moving average of 49.7417.Sweden’s services pmi icnreased to 58.6 by 5.97% on November 2020 from 55.3 in the previous Monthly. On a year on year basis Sweden’s services pmi increased by 22.34%. Sweden’s services pmi trend is down since the current value of 58.6 is lower than the 12 month moving average of 51.3417.Sweden’s business confidence decreased to 92.6 by -2.11% on December 2020 from 94.6 in the previous Monthly. On a year on year basis Sweden’s business confidence decreased by -2.11%. Sweden’s business confidence trend is down since the current value of 92.6 is lower than the 12 month moving average of 85.1667.Sweden’s consumer confidence icnreased to 92.3 by 4.18% on December 2020 from 88.6 in the previous Monthly. On a year on year basis Sweden’s consumer confidence decreased by -2.84%. Sweden’s consumer confidence trend is down since the current value of 92.3 is lower than the 12 month moving average of 87.2667.
Sweden Business activity
Business Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
business confidence | 108 | 110.9 | -2.61 | -10.74 | Down | Down | 58.33 | 2022-07-31 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Industrial Confidence | 21.7 | 14.1 | 0.539007 | -1.68454 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
Consumer Confidence | 6.2 | 4.2 | 0.47619 | -1.88571 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
Construction Confidence | -11.2 | -22 | -0.490909 | -0.374302 | 1.0 | 1.0 | 0.5 | 2021-04-01 |
Retail Confidence | 24.7 | 3.5 | 6.05714 | -2.91473 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Services Confidence | 32.6 | 7.2 | 3.52778 | -1.72606 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Sweden’s business confidence decreased to 92.6 by -2.11% on December 2020 from 94.6 in the previous Monthly. On a year on year basis Sweden’s business confidence decreased by -2.11%. Sweden’s business confidence trend is down since the current value of 92.6 is lower than the 12 month moving average of 85.1667.Sweden’s ESI – Economic Composite icnreased to 96.1 by 73.0% on January 2021 from 95.4 in the previous . On a year on year basis Sweden’s ESI – Economic Composite increased by 116.0%. Sweden’s ESI – Economic Composite trend is down since the current value of 96.1 is lower than the 12 month moving average of 88.3417.Sweden’s ESI – Economic Composite icnreased to 96.1 by 73.0% on January 2021 from 95.4 in the previous . On a year on year basis Sweden’s ESI – Economic Composite increased by 116.0%. Sweden’s ESI – Economic Composite trend is down since the current value of 96.1 is lower than the 12 month moving average of 88.3417.Sweden’s manufacturing pmi icnreased to 59.1 by 1.37% on November 2020 from 58.3 in the previous Monthly. On a year on year basis Sweden’s manufacturing pmi increased by 30.18%. Sweden’s manufacturing pmi trend is down since the current value of 59.1 is lower than the 12 month moving average of 49.7417.Sweden’s services pmi icnreased to 58.6 by 5.97% on November 2020 from 55.3 in the previous Monthly. On a year on year basis Sweden’s services pmi increased by 22.34%. Sweden’s services pmi trend is down since the current value of 58.6 is lower than the 12 month moving average of 51.3417.Sweden’s Manufacturing sector decreased to 3.2 by -63333.0% on January 2021 from -0.6 in the previous . On a year on year basis Sweden’s Manufacturing sector decreased by -13902.0%. Sweden’s Manufacturing sector trend is down since the current value of 3.2 is lower than the 12 month moving average of -9.3.Sweden’s Consumer sector decreased to -1.2 by -22000.0% on January 2021 from 1.0 in the previous . On a year on year basis Sweden’s Consumer sector decreased by -7073.0%. Sweden’s Consumer sector trend is down since the current value of -1.2 is lower than the 12 month moving average of -2.78333.Sweden’s Construction sector decreased to -21.0 by -3438.0% on January 2021 from -32.0 in the previous . On a year on year basis Sweden’s Construction sector decreased by -45000.0%. Sweden’s Construction sector trend is down since the current value of -21.0 is lower than the 12 month moving average of -16.75.Sweden’s Retail sector decreased to 6.4 by -5524.0% on January 2021 from 14.3 in the previous . On a year on year basis Sweden’s Retail sector decreased by -6364.0%. Sweden’s Retail sector trend is down since the current value of 6.4 is lower than the 12 month moving average of 7.85.Sweden’s Services sector decreased to -2.0 by -5238.0% on January 2021 from -4.2 in the previous . On a year on year basis Sweden’s Services sector decreased by -11527.0%. Sweden’s Services sector trend is down since the current value of -2.0 is lower than the 12 month moving average of -13.4333.
Sweden Consumer activity
Consumer Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
consumer confidence | 54.1 | 66.5 | -18.65 | -49.06 | Down | Down | 1.67 | 2022-07-31 |
car registrations | 18789 | 27374 | -31.36 | 3.75 | Down | UP | 8.33 | 2022-08-06 |
Consumer - General economic situation (next 12 months) | 6.4 | 1.6 | 3 | -1.26446 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Consumer - Financial situation (next 12 months) | 14.2 | 13.1 | 0.0839695 | 1 | 1.0 | 1.0 | 1 | 2021-04-01 |
Consumer - Price trends (next 12 months) | 26.9 | 23.7 | 0.135021 | 0.305825 | 1.0 | 1.0 | 0.783333 | 2021-04-01 |
Consumer - Unemployment expectations (next 12 months) | 4.3 | 13.9 | -0.690647 | -0.934049 | -1.0 | -1.0 | 0.183333 | 2021-04-01 |
Consumer - Major purchases (next 12 months) | -5.4 | -5.8 | -0.0689655 | -0.605839 | 1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Consumer - Savings (next 12 months) | 54.9 | 52.5 | 0.0457143 | 0.239278 | 1.0 | 1.0 | 0.966667 | 2021-04-01 |
Consumer - Households Financial situation | 51.6 | 50.3 | 0.0258449 | 0.18894 | 1.0 | 1.0 | 0.983333 | 2021-04-01 |
Sweden Manufacturing activity
Manufacturing Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
Industrial Confidence | 21.7 | 14.1 | 0.539007 | -1.68454 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
Industrial New Orders | 7 | 3.7 | 0.891892 | -1.23333 | 1.0 | 1.0 | 0.383333 | 2021-04-01 |
Industrial Prices | 31.3 | 19.5 | 0.605128 | -3.63025 | 1.0 | 1.0 | 0.1 | 2021-04-01 |
Manufacturing - Production trend (recent months) | 30.7 | 26.7 | 0.149813 | -3.20863 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Manufacturing - Export Order Books | 13.2 | 10.7 | 0.233645 | -1.37288 | 1.0 | 1.0 | 0.4 | 2021-04-01 |
Manufacturing - Finished Products (Stock Levels) | -14.5 | -7 | 1.07143 | -1.87879 | -1.0 | -1.0 | 0.166667 | 2021-04-01 |
Manufacturing - Production expectations (next months) | 43.6 | 31.6 | 0.379747 | -1.89712 | 1.0 | 1.0 | 0.0666667 | 2021-04-01 |
industrial production | -0.5 | 0.3 | -266.67 | -102.15 | Down | Down | 18.33 | 2022-08-10 |
industrial production mom | 0.5 | 0.7 | -28.57 | -73.68 | UP | Down | 50 | 2022-08-10 |
capacity utilization | 90.4 | 90.3 | 0.11 | -0.44 | UP | Down | 75 | 2022-05-18 |
Sweden Services activity
Services Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Services Confidence | 32.6 | 7.2 | 3.52778 | -1.72606 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Services - New Orders | 48.2 | 20.6 | 1.33981 | -1.89094 | 1.0 | 1.0 | 0.0666667 | 2021-04-01 |
Services - Prices | 12.6 | 1.6 | 6.875 | -1.62376 | 1.0 | 1.0 | 0.166667 | 2021-04-01 |
Services - Business activity (past 3 months) | 25.2 | 0.3 | 83 | -1.62222 | 1.0 | 1.0 | 0.133333 | 2021-04-01 |
Services - Demand (past 3 months) | 24.3 | 0.6 | 39.5 | -1.60448 | 1.0 | 1.0 | 0.183333 | 2021-04-01 |
Services - Employment (past 3 months) | -1.6 | -13.4 | -0.880597 | -0.937984 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
Services - Employment (next 3 months) | 30.8 | 8.5 | 2.62353 | -1.64167 | 1.0 | 1.0 | 0.15 | 2021-04-01 |
Sweden Retail Sector
Retail Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Retail Confidence | 24.7 | 3.5 | 6.05714 | -2.91473 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Retail - Orders Expectations (next 3 months) | 35.1 | 1.3 | 26 | -2.13226 | 1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Retail - Prices expectations (next 3 months) | 25.8 | 15.7 | 0.643312 | 1.064 | 1.0 | 1.0 | 0.816667 | 2021-04-01 |
Retail - Business activity (past 3 months) | 21.8 | 1.1 | 18.8182 | 7.72 | 1.0 | 1.0 | 1 | 2021-04-01 |
Retail - Stock Levels | -3.1 | 0.3 | -11.3333 | -1.16146 | -1.0 | -1.0 | 0.0166667 | 2021-04-01 |
Retail - Business activity expectations (next 3 months) | 49.2 | 9.6 | 4.125 | -3.25688 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Retail - Employment expectations (next 3 months) | 6.3 | -10 | -1.63 | -1.18584 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
retail sales | -3.6 | -2 | 80 | -141.86 | Down | Down | 1.67 | 2022-07-31 |
retail sales MoM | -0.6 | 0.4 | -250 | -133.33 | Down | Down | 25 | 2022-06-27 |
Sweden Construction Sector
Construction Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Construction Confidence | -11.2 | -22 | -0.490909 | -0.374302 | 1.0 | 1.0 | 0.5 | 2021-04-01 |
Construction - Current Order Books | -19.9 | -27.4 | -0.273723 | 1.26136 | 1.0 | -1.0 | 0.8 | 2021-04-01 |
Construction - Prices over next 3 months | -9.8 | -21.5 | -0.544186 | -0.74677 | 1.0 | 1.0 | 0.25 | 2021-04-01 |
Construction - Employment over next 3 months | -2.6 | -16.7 | -0.844311 | -0.903346 | 1.0 | 1.0 | 0.25 | 2021-04-01 |
housing starts | 13.7 | 15.45 | -11.33 | 12.68 | UP | UP | 76.67 | 2022-05-26 |
housing index | 285.75 | 297.14 | -3.83 | -0.55 | Down | Down | 80 | 2022-07-31 |
Construction - Building Activity (past 3 months) | -7.9 | -15.3 | -0.48366 | -0.563536 | 1.0 | 1.0 | 0.416667 | 2021-04-01 |
Construction - Factors Limiting (None) | 21.6 | 17.3 | 0.248555 | 0.449664 | 1.0 | 1.0 | 0.883333 | 2021-04-01 |
Construction - Factors Limiting (Insufficient Demand) | 45.3 | 46.8 | -0.0320513 | 0.629496 | -1.0 | 1.0 | 0.7 | 2021-04-01 |
Construction - Factors Limiting (Weather) | 1.1 | 0.6 | 0.833333 | -12 | -1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Construction - Factors Limiting (Shortage of labour force) | 17.9 | 9.4 | 0.904255 | 0.864583 | 1.0 | 1.0 | 1 | 2021-04-01 |
Construction - Factors Limiting (Shortage of material - equipment) | 1.1 | 2.2 | -0.5 | 10 | 1.0 | 1.0 | 0.95 | 2021-04-01 |
Construction - Factors Limiting (Other) | 3.5 | 5.2 | -0.326923 | -0.623656 | -1.0 | -1.0 | 0.0666667 | 2021-04-01 |
Construction - Factors Limiting (Financial Constraints) | 10.5 | 19.9 | -0.472362 | -0.730077 | -1.0 | -1.0 | 0.0166667 | 2021-04-01 |
Sweden GDP
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
Real GDP | 1377350 | 1329540 | 3.6 | 9.83 | UP | UP | 100 | 2022-06-06 |
gdp growth annual | 4.2 | 3 | 40 | 147.06 | UP | UP | 85.83 | 2022-07-31 |
gdp | 530.833 | 555.455 | -0.0443276 | 0.0805695 | -1.0 | 1.0 | 0 | 2019-01-31 |
gdp growth | 1.4 | -0.8 | -275 | 250 | UP | UP | 89.17 | 2022-07-31 |
Sweden inflation
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
inflation cpi | 8.5 | 8.7 | -2.3 | 507.14 | UP | UP | 98.33 | 2022-08-11 |
core inflation rate | 8.5 | 7.2 | 18.06 | 431.25 | UP | UP | 100 | 2022-07-16 |
consumer price index cpi | 370.95 | 365.82 | 1.4 | 8.68 | UP | UP | 100 | 2022-07-16 |
Producer Price Index | 137 | 133.7 | 2.47 | 13.6 | UP | UP | 100 | 2022-07-31 |
PPI Index | 25.6 | 24.4 | 4.92 | 224.05 | UP | UP | 100 | 2022-07-31 |
Sweden Government Policy
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
government budget | -0.2 | -2.7 | -92.59 | -105.88 | Down | Down | 0 | 2022-04-29 |
Government budget | -30497 | 69179 | -144.08 | -10.3 | Down | UP | 20 | 2022-07-31 |
government revenues | 65701 | 158771 | -58.62 | -1.21 | Down | Down | 13.33 | 2022-07-31 |
fiscal expenditure | 96199 | 89592 | 7.37 | -4.28 | UP | Down | 75 | 2022-07-31 |
Sweden Monetary Policy
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
interest rate | -0.25 | -0.25 | 0 | 0 | 1.0 | -1.0 | 0.608333 | 2019-10-24 |
central bank balance sheet | 1499460 | 1490820 | 0.58 | 7.13 | Down | UP | 86.67 | 2022-08-11 |
banks balance sheet | 13871100 | 14218900 | -2.45 | 20.99 | UP | UP | 98.33 | 2022-07-31 |
money supply m0 | 67532 | 67074 | 0.68 | 9.43 | UP | UP | 100 | 2022-07-31 |
money supply m1 | 4623140 | 4540980 | 1.81 | 9.5 | UP | UP | 100 | 2022-07-31 |
money supply m2 | 4981500 | 4868190 | 2.33 | 9.74 | UP | UP | 100 | 2022-07-31 |
money supply m3 | 5051610 | 4958880 | 1.87 | 8.77 | UP | UP | 100 | 2022-07-31 |
Sweden Employment
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
Employment Dynamics | 113.1 | 101.2 | 0.117589 | 0.522207 | 1.0 | 1.0 | 1 | 2021-04-01 |
EEI - Employment Composite | 113.1 | 101.2 | 0.117589 | 0.522207 | 1.0 | 1.0 | 1 | 2021-04-01 |
unemployment rate | 8.6 | 8.5 | 1.18 | -14 | UP | Down | 83.33 | 2022-07-31 |
youth unemployment rate | 21.2 | 21.7 | -2.3 | -16.86 | Down | Down | 58.33 | 2022-08-06 |
long term unemployment rate | 2.2 | 1.9 | 15.79 | 83.33 | UP | UP | 100 | 2022-04-29 |
Sweden Trade & Capital Flows
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
current account | 57.5 | 70.3 | -18.21 | -13.53 | Down | Down | 66.67 | 2022-06-11 |
current account to gdp | 5.2 | 5.1 | 0.0196078 | -0.333333 | 1.0 | -1.0 | 0 | 2020-01-31 |
exports | 181700 | 171500 | 5.95 | 26.01 | UP | UP | 98.33 | 2022-07-31 |
imports | 178600 | 175200 | 1.94 | 48.83 | UP | UP | 100 | 2022-07-31 |
balance of trade | 3100 | -3700 | -183.78 | -55.71 | UP | Down | 70 | 2022-07-31 |
capital flows | 159.8 | -193.5 | -182.58 | -334.31 | UP | UP | 96.67 | 2022-06-14 |
foreign direct investment | 66.5 | 21.6 | 207.87 | -745.63 | UP | UP | 88.33 | 2022-05-18 |
Sweden Reserves
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
foreign exchange reserves | 633751 | 620993 | 2.05 | 28.54 | UP | UP | 100 | 2022-08-11 |
gold reserves | 125.72 | 125.7 | 0.000159109 | 0 | 1.0 | -1.0 | 0.8 | 2020-07-01 |
Sweden Debt
Debt | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
government debt | 1074710 | 1089550 | -1.36 | -11.48 | Down | Down | 13.33 | 2022-08-06 |
government debt to gdp | 36.7 | 39.6 | -7.32 | -11.14 | Down | Down | 0 | 2022-04-29 |
external debt | 99538 | 98382 | 1.18 | 18.57 | UP | UP | 78.33 | 2022-08-06 |
Sweden Banking activity
Fiscal Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
interbank rate | -0.03 | -0.02 | 0.5 | 0.5 | -1.0 | -1.0 | 0.8 | 2021-06-02 |
deposit interest rate | -0.1 | -0.1 | 0 | 0 | -1.0 | -1.0 | 0.6 | 2020-12-31 |
loan growth | 6.2 | 6.5 | -4.62 | 0 | Down | UP | 61.67 | 2022-07-27 |
loans to private sector | 1719290 | 1712560 | 0.39 | 18.61 | UP | UP | 100 | 2022-07-31 |
lending rate | 0.1 | 0.1 | 0 | -0.8 | -1.0 | -1.0 | 0.0333333 | 2020-09-30 |
The four economic environments
There are 4 economic environments based on economic growth and inflationary conditions. Financial assets are affected by economic growth and inflation expectations
as explained in the diagram below.
- Inflation boom: Accelerating Economic growth with Rising inflation – Monetary Policy response: Hawkish
- Stagflation: Slowing Economic Growth with Rising Inflation – Monetary Policy response: Dilemma
- Disinflation boom: Accelerating Economic growth with Slowing Inflation – Monetary Policy response: Neutral
- Deflation Bust: : Slowing Economic Growth with Falling Inflation – Monetary Policy response: Dovish
Sweden Economy
Sweden’s gdp growth annual decreased to -2.5 by -66.67% on July 2020 from -7.5 in the previous Quarterly. On a year on year basis Sweden’s gdp growth annual decreased by -171.43%. Sweden’s gdp growth annual trend is down since the current value of -2.5 is lower than the 12 month moving average of 0.608333.Sweden’s inflation cpi decreased to 0.2 by -33.33% on November 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s inflation cpi decreased by -87.5%. Sweden’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.Sweden’s unemployment rate decreased to 7.7 by -1.28% on November 2020 from 7.8 in the previous Monthly. On a year on year basis Sweden’s unemployment rate increased by 13.24%. Sweden’s unemployment rate trend is down since the current value of 7.7 is lower than the 12 month moving average of 8.10833.
Sweden Financial Markets
Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
---|---|---|---|---|---|---|---|---|---|---|
OMX Stockholm 30 | OMXS | 2154.38 | 0 | -0.5 | -1.55128 | 51.9869 | 0.01386 | -0.01301 | 0.03331 | -0.04267 |
Sweden ETF | EWD | 40.36 | 0.5 | -0.5 | -1.57916 | 57.8658 | 0.03727 | 0.01153 | 0.11001 | -0.09588 |
Swedish Krona US Dollar (SEK/USD) | SEKUSD | 9.3278 | -0.5 | 0.25 | 1.32689 | 41.693 | -0.0171 | -0.01204 | -0.03278 | 0.09238 |
Sweden 10-Year Bond Yield | SE.10Y | 1.283 | 1 | 1 | 4.66144 | 81.1012 | 0.04906 | 0.23842 | 2.48641 | 2.42133 |
Sweden 2-year bond yield | SE.2Y | -0.309 | 0 | 0 | 0.81628 | 41.5677 | 0.03691 | -0.00323 | 0.03691 | 0.24096 |
Sweden Yield Curve | SE.YC | 0.67 | 1 | 0.75 | 1.60103 | 68.4752 | 0.45 | 1.21 | 52.62 | -0.07126 |
OMX Stockholm 30 closed up by 0.0% to 1874.74 on 23 January 2021 and +0.00361% on a weekly basis. OMX Stockholm 30 momentum was last calculated at +0.0/100 indicating positive momentum. OMX Stockholm 30 trend is +0.5/100 indicating a positive trend. OMX Stockholm 30 momentum exhaustion is 0.99888 indicating OMX Stockholm 30 is oversold.Sweden ETF closed up by 0.01464% to 40.89 on 23 January 2021 and +0.02276% on a weekly basis. Sweden ETF momentum was last calculated at +1.0/100 indicating positive momentum. Sweden ETF trend is +1.0/100 indicating a positive trend. Sweden ETF momentum exhaustion is 1.75747 indicating Sweden ETF is oversold.Sweden 10-Year Bond Yield closed up by 0.0% to 0.022 on 23 January 2021 and +-1.21782% on a weekly basis. Sweden 10-Year Bond Yield momentum was last calculated at -1.0/100 indicating negative momentum. Sweden 10-Year Bond Yield trend is +0.75/100 indicating a positive trend. Sweden 10-Year Bond Yield momentum exhaustion is 1.01541 indicating Sweden 10-Year Bond Yield is oversold.Swedish Krona US Dollar (SEK/USD) closed up by 4e-05% to 8.2281 on 23 January 2021 and +-0.00504% on a weekly basis. Swedish Krona US Dollar (SEK/USD) momentum was last calculated at -0.5/100 indicating negative momentum. Swedish Krona US Dollar (SEK/USD) trend is -1.0/100 indicating a negative trend. Swedish Krona US Dollar (SEK/USD) momentum exhaustion is -1.76041 indicating Swedish Krona US Dollar (SEK/USD) is oversold.Sweden Credit Default Swaps closed up by 0.0% to 11.3 on 23 January 2021 and +-0.00877% on a weekly basis. Sweden Credit Default Swaps momentum was last calculated at -0.5/100 indicating negative momentum. Sweden Credit Default Swaps trend is -0.5/100 indicating a negative trend. Sweden Credit Default Swaps momentum exhaustion is -0.62418 indicating Sweden Credit Default Swaps is oversold.
Sweden Macroeconomic model
MacroVar Sweden Macro model analyzes economic growth and inflation to assess the current economic conditions. Economic growth and inflation expectations are the two most important economic indicators used to assess economic conditions, forecast financial market returns and policymaker response. Sweden’s current macroeconomic conditions are analyzed below the chart. Click here to learn more about MacroVar Macro model and the leading economic indicators used for analysis.
Sweden News
Sweden Economy
Economic Activity Overview | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
gdp growth annual | 4.2 | 3 | 40 | 147.06 | UP | UP | 85.83 | 2022-07-31 |
inflation cpi | 8.5 | 8.7 | -2.3 | 507.14 | UP | UP | 98.33 | 2022-08-11 |
unemployment rate | 8.6 | 8.5 | 1.18 | -14 | UP | Down | 83.33 | 2022-07-31 |
Business & Consumer Forecast Overview | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Reserves & Outstanding Debt | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
government debt | 1074710 | 1089550 | -1.36 | -11.48 | Down | Down | 13.33 | 2022-08-06 |
government debt to gdp | 36.7 | 39.6 | -7.32 | -11.14 | Down | Down | 0 | 2022-04-29 |
external debt | 99538 | 98382 | 1.18 | 18.57 | UP | UP | 78.33 | 2022-08-06 |
foreign exchange reserves | 633751 | 620993 | 2.05 | 28.54 | UP | UP | 100 | 2022-08-11 |
gold reserves | 125.72 | 125.7 | 0.000159109 | 0 | 1.0 | -1.0 | 0.8 | 2020-07-01 |
Trade | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
current account | 57.5 | 70.3 | -18.21 | -13.53 | Down | Down | 66.67 | 2022-06-11 |
current account to gdp | 5.2 | 5.1 | 0.0196078 | -0.333333 | 1.0 | -1.0 | 0 | 2020-01-31 |
Monetary Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
interest rate | -0.25 | -0.25 | 0 | 0 | 1.0 | -1.0 | 0.608333 | 2019-10-24 |
central bank balance sheet | 1499460 | 1490820 | 0.58 | 7.13 | Down | UP | 86.67 | 2022-08-11 |
banks balance sheet | 13871100 | 14218900 | -2.45 | 20.99 | UP | UP | 98.33 | 2022-07-31 |
money supply m2 | 4981500 | 4868190 | 2.33 | 9.74 | UP | UP | 100 | 2022-07-31 |
Fiscal Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Government budget | -30497 | 69179 | -144.08 | -10.3 | Down | UP | 20 | 2022-07-31 |
government revenues | 65701 | 158771 | -58.62 | -1.21 | Down | Down | 13.33 | 2022-07-31 |
fiscal expenditure | 96199 | 89592 | 7.37 | -4.28 | UP | Down | 75 | 2022-07-31 |
Sweden’s gdp growth annual decreased to -2.5 by -66.67% on July 2020 from -7.5 in the previous Quarterly. On a year on year basis Sweden’s gdp growth annual decreased by -171.43%. Sweden’s gdp growth annual trend is down since the current value of -2.5 is lower than the 12 month moving average of 0.608333.Sweden’s inflation cpi decreased to 0.2 by -33.33% on November 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s inflation cpi decreased by -87.5%. Sweden’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.Sweden’s unemployment rate decreased to 7.7 by -1.28% on November 2020 from 7.8 in the previous Monthly. On a year on year basis Sweden’s unemployment rate increased by 13.24%. Sweden’s unemployment rate trend is down since the current value of 7.7 is lower than the 12 month moving average of 8.10833.Sweden’s manufacturing pmi icnreased to 59.1 by 1.37% on November 2020 from 58.3 in the previous Monthly. On a year on year basis Sweden’s manufacturing pmi increased by 30.18%. Sweden’s manufacturing pmi trend is down since the current value of 59.1 is lower than the 12 month moving average of 49.7417.Sweden’s services pmi icnreased to 58.6 by 5.97% on November 2020 from 55.3 in the previous Monthly. On a year on year basis Sweden’s services pmi increased by 22.34%. Sweden’s services pmi trend is down since the current value of 58.6 is lower than the 12 month moving average of 51.3417.Sweden’s business confidence decreased to 92.6 by -2.11% on December 2020 from 94.6 in the previous Monthly. On a year on year basis Sweden’s business confidence decreased by -2.11%. Sweden’s business confidence trend is down since the current value of 92.6 is lower than the 12 month moving average of 85.1667.Sweden’s consumer confidence icnreased to 92.3 by 4.18% on December 2020 from 88.6 in the previous Monthly. On a year on year basis Sweden’s consumer confidence decreased by -2.84%. Sweden’s consumer confidence trend is down since the current value of 92.3 is lower than the 12 month moving average of 87.2667.
Sweden Business activity
Business Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
business confidence | 108 | 110.9 | -2.61 | -10.74 | Down | Down | 58.33 | 2022-07-31 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Industrial Confidence | 21.7 | 14.1 | 0.539007 | -1.68454 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
Consumer Confidence | 6.2 | 4.2 | 0.47619 | -1.88571 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
Construction Confidence | -11.2 | -22 | -0.490909 | -0.374302 | 1.0 | 1.0 | 0.5 | 2021-04-01 |
Retail Confidence | 24.7 | 3.5 | 6.05714 | -2.91473 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Services Confidence | 32.6 | 7.2 | 3.52778 | -1.72606 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Sweden’s business confidence decreased to 92.6 by -2.11% on December 2020 from 94.6 in the previous Monthly. On a year on year basis Sweden’s business confidence decreased by -2.11%. Sweden’s business confidence trend is down since the current value of 92.6 is lower than the 12 month moving average of 85.1667.Sweden’s ESI – Economic Composite icnreased to 96.1 by 73.0% on January 2021 from 95.4 in the previous . On a year on year basis Sweden’s ESI – Economic Composite increased by 116.0%. Sweden’s ESI – Economic Composite trend is down since the current value of 96.1 is lower than the 12 month moving average of 88.3417.Sweden’s ESI – Economic Composite icnreased to 96.1 by 73.0% on January 2021 from 95.4 in the previous . On a year on year basis Sweden’s ESI – Economic Composite increased by 116.0%. Sweden’s ESI – Economic Composite trend is down since the current value of 96.1 is lower than the 12 month moving average of 88.3417.Sweden’s manufacturing pmi icnreased to 59.1 by 1.37% on November 2020 from 58.3 in the previous Monthly. On a year on year basis Sweden’s manufacturing pmi increased by 30.18%. Sweden’s manufacturing pmi trend is down since the current value of 59.1 is lower than the 12 month moving average of 49.7417.Sweden’s services pmi icnreased to 58.6 by 5.97% on November 2020 from 55.3 in the previous Monthly. On a year on year basis Sweden’s services pmi increased by 22.34%. Sweden’s services pmi trend is down since the current value of 58.6 is lower than the 12 month moving average of 51.3417.Sweden’s Manufacturing sector decreased to 3.2 by -63333.0% on January 2021 from -0.6 in the previous . On a year on year basis Sweden’s Manufacturing sector decreased by -13902.0%. Sweden’s Manufacturing sector trend is down since the current value of 3.2 is lower than the 12 month moving average of -9.3.Sweden’s Consumer sector decreased to -1.2 by -22000.0% on January 2021 from 1.0 in the previous . On a year on year basis Sweden’s Consumer sector decreased by -7073.0%. Sweden’s Consumer sector trend is down since the current value of -1.2 is lower than the 12 month moving average of -2.78333.Sweden’s Construction sector decreased to -21.0 by -3438.0% on January 2021 from -32.0 in the previous . On a year on year basis Sweden’s Construction sector decreased by -45000.0%. Sweden’s Construction sector trend is down since the current value of -21.0 is lower than the 12 month moving average of -16.75.Sweden’s Retail sector decreased to 6.4 by -5524.0% on January 2021 from 14.3 in the previous . On a year on year basis Sweden’s Retail sector decreased by -6364.0%. Sweden’s Retail sector trend is down since the current value of 6.4 is lower than the 12 month moving average of 7.85.Sweden’s Services sector decreased to -2.0 by -5238.0% on January 2021 from -4.2 in the previous . On a year on year basis Sweden’s Services sector decreased by -11527.0%. Sweden’s Services sector trend is down since the current value of -2.0 is lower than the 12 month moving average of -13.4333.
Sweden Consumer activity
Consumer Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
consumer confidence | 54.1 | 66.5 | -18.65 | -49.06 | Down | Down | 1.67 | 2022-07-31 |
car registrations | 18789 | 27374 | -31.36 | 3.75 | Down | UP | 8.33 | 2022-08-06 |
Consumer - General economic situation (next 12 months) | 6.4 | 1.6 | 3 | -1.26446 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Consumer - Financial situation (next 12 months) | 14.2 | 13.1 | 0.0839695 | 1 | 1.0 | 1.0 | 1 | 2021-04-01 |
Consumer - Price trends (next 12 months) | 26.9 | 23.7 | 0.135021 | 0.305825 | 1.0 | 1.0 | 0.783333 | 2021-04-01 |
Consumer - Unemployment expectations (next 12 months) | 4.3 | 13.9 | -0.690647 | -0.934049 | -1.0 | -1.0 | 0.183333 | 2021-04-01 |
Consumer - Major purchases (next 12 months) | -5.4 | -5.8 | -0.0689655 | -0.605839 | 1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Consumer - Savings (next 12 months) | 54.9 | 52.5 | 0.0457143 | 0.239278 | 1.0 | 1.0 | 0.966667 | 2021-04-01 |
Consumer - Households Financial situation | 51.6 | 50.3 | 0.0258449 | 0.18894 | 1.0 | 1.0 | 0.983333 | 2021-04-01 |
Sweden Manufacturing activity
Manufacturing Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
Industrial Confidence | 21.7 | 14.1 | 0.539007 | -1.68454 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
Industrial New Orders | 7 | 3.7 | 0.891892 | -1.23333 | 1.0 | 1.0 | 0.383333 | 2021-04-01 |
Industrial Prices | 31.3 | 19.5 | 0.605128 | -3.63025 | 1.0 | 1.0 | 0.1 | 2021-04-01 |
Manufacturing - Production trend (recent months) | 30.7 | 26.7 | 0.149813 | -3.20863 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Manufacturing - Export Order Books | 13.2 | 10.7 | 0.233645 | -1.37288 | 1.0 | 1.0 | 0.4 | 2021-04-01 |
Manufacturing - Finished Products (Stock Levels) | -14.5 | -7 | 1.07143 | -1.87879 | -1.0 | -1.0 | 0.166667 | 2021-04-01 |
Manufacturing - Production expectations (next months) | 43.6 | 31.6 | 0.379747 | -1.89712 | 1.0 | 1.0 | 0.0666667 | 2021-04-01 |
industrial production | -0.5 | 0.3 | -266.67 | -102.15 | Down | Down | 18.33 | 2022-08-10 |
industrial production mom | 0.5 | 0.7 | -28.57 | -73.68 | UP | Down | 50 | 2022-08-10 |
capacity utilization | 90.4 | 90.3 | 0.11 | -0.44 | UP | Down | 75 | 2022-05-18 |
Sweden Services activity
Services Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Services Confidence | 32.6 | 7.2 | 3.52778 | -1.72606 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Services - New Orders | 48.2 | 20.6 | 1.33981 | -1.89094 | 1.0 | 1.0 | 0.0666667 | 2021-04-01 |
Services - Prices | 12.6 | 1.6 | 6.875 | -1.62376 | 1.0 | 1.0 | 0.166667 | 2021-04-01 |
Services - Business activity (past 3 months) | 25.2 | 0.3 | 83 | -1.62222 | 1.0 | 1.0 | 0.133333 | 2021-04-01 |
Services - Demand (past 3 months) | 24.3 | 0.6 | 39.5 | -1.60448 | 1.0 | 1.0 | 0.183333 | 2021-04-01 |
Services - Employment (past 3 months) | -1.6 | -13.4 | -0.880597 | -0.937984 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
Services - Employment (next 3 months) | 30.8 | 8.5 | 2.62353 | -1.64167 | 1.0 | 1.0 | 0.15 | 2021-04-01 |
Sweden Retail Sector
Retail Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Retail Confidence | 24.7 | 3.5 | 6.05714 | -2.91473 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Retail - Orders Expectations (next 3 months) | 35.1 | 1.3 | 26 | -2.13226 | 1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Retail - Prices expectations (next 3 months) | 25.8 | 15.7 | 0.643312 | 1.064 | 1.0 | 1.0 | 0.816667 | 2021-04-01 |
Retail - Business activity (past 3 months) | 21.8 | 1.1 | 18.8182 | 7.72 | 1.0 | 1.0 | 1 | 2021-04-01 |
Retail - Stock Levels | -3.1 | 0.3 | -11.3333 | -1.16146 | -1.0 | -1.0 | 0.0166667 | 2021-04-01 |
Retail - Business activity expectations (next 3 months) | 49.2 | 9.6 | 4.125 | -3.25688 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Retail - Employment expectations (next 3 months) | 6.3 | -10 | -1.63 | -1.18584 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
retail sales | -3.6 | -2 | 80 | -141.86 | Down | Down | 1.67 | 2022-07-31 |
retail sales MoM | -0.6 | 0.4 | -250 | -133.33 | Down | Down | 25 | 2022-06-27 |
Sweden Construction Sector
Construction Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Construction Confidence | -11.2 | -22 | -0.490909 | -0.374302 | 1.0 | 1.0 | 0.5 | 2021-04-01 |
Construction - Current Order Books | -19.9 | -27.4 | -0.273723 | 1.26136 | 1.0 | -1.0 | 0.8 | 2021-04-01 |
Construction - Prices over next 3 months | -9.8 | -21.5 | -0.544186 | -0.74677 | 1.0 | 1.0 | 0.25 | 2021-04-01 |
Construction - Employment over next 3 months | -2.6 | -16.7 | -0.844311 | -0.903346 | 1.0 | 1.0 | 0.25 | 2021-04-01 |
housing starts | 13.7 | 15.45 | -11.33 | 12.68 | UP | UP | 76.67 | 2022-05-26 |
housing index | 285.75 | 297.14 | -3.83 | -0.55 | Down | Down | 80 | 2022-07-31 |
Construction - Building Activity (past 3 months) | -7.9 | -15.3 | -0.48366 | -0.563536 | 1.0 | 1.0 | 0.416667 | 2021-04-01 |
Construction - Factors Limiting (None) | 21.6 | 17.3 | 0.248555 | 0.449664 | 1.0 | 1.0 | 0.883333 | 2021-04-01 |
Construction - Factors Limiting (Insufficient Demand) | 45.3 | 46.8 | -0.0320513 | 0.629496 | -1.0 | 1.0 | 0.7 | 2021-04-01 |
Construction - Factors Limiting (Weather) | 1.1 | 0.6 | 0.833333 | -12 | -1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Construction - Factors Limiting (Shortage of labour force) | 17.9 | 9.4 | 0.904255 | 0.864583 | 1.0 | 1.0 | 1 | 2021-04-01 |
Construction - Factors Limiting (Shortage of material - equipment) | 1.1 | 2.2 | -0.5 | 10 | 1.0 | 1.0 | 0.95 | 2021-04-01 |
Construction - Factors Limiting (Other) | 3.5 | 5.2 | -0.326923 | -0.623656 | -1.0 | -1.0 | 0.0666667 | 2021-04-01 |
Construction - Factors Limiting (Financial Constraints) | 10.5 | 19.9 | -0.472362 | -0.730077 | -1.0 | -1.0 | 0.0166667 | 2021-04-01 |
Sweden GDP
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
Real GDP | 1377350 | 1329540 | 3.6 | 9.83 | UP | UP | 100 | 2022-06-06 |
gdp growth annual | 4.2 | 3 | 40 | 147.06 | UP | UP | 85.83 | 2022-07-31 |
gdp | 530.833 | 555.455 | -0.0443276 | 0.0805695 | -1.0 | 1.0 | 0 | 2019-01-31 |
gdp growth | 1.4 | -0.8 | -275 | 250 | UP | UP | 89.17 | 2022-07-31 |
Sweden inflation
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
inflation cpi | 8.5 | 8.7 | -2.3 | 507.14 | UP | UP | 98.33 | 2022-08-11 |
core inflation rate | 8.5 | 7.2 | 18.06 | 431.25 | UP | UP | 100 | 2022-07-16 |
consumer price index cpi | 370.95 | 365.82 | 1.4 | 8.68 | UP | UP | 100 | 2022-07-16 |
Producer Price Index | 137 | 133.7 | 2.47 | 13.6 | UP | UP | 100 | 2022-07-31 |
PPI Index | 25.6 | 24.4 | 4.92 | 224.05 | UP | UP | 100 | 2022-07-31 |
Sweden Government Policy
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
government budget | -0.2 | -2.7 | -92.59 | -105.88 | Down | Down | 0 | 2022-04-29 |
Government budget | -30497 | 69179 | -144.08 | -10.3 | Down | UP | 20 | 2022-07-31 |
government revenues | 65701 | 158771 | -58.62 | -1.21 | Down | Down | 13.33 | 2022-07-31 |
fiscal expenditure | 96199 | 89592 | 7.37 | -4.28 | UP | Down | 75 | 2022-07-31 |
Sweden Monetary Policy
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
interest rate | -0.25 | -0.25 | 0 | 0 | 1.0 | -1.0 | 0.608333 | 2019-10-24 |
central bank balance sheet | 1499460 | 1490820 | 0.58 | 7.13 | Down | UP | 86.67 | 2022-08-11 |
banks balance sheet | 13871100 | 14218900 | -2.45 | 20.99 | UP | UP | 98.33 | 2022-07-31 |
money supply m0 | 67532 | 67074 | 0.68 | 9.43 | UP | UP | 100 | 2022-07-31 |
money supply m1 | 4623140 | 4540980 | 1.81 | 9.5 | UP | UP | 100 | 2022-07-31 |
money supply m2 | 4981500 | 4868190 | 2.33 | 9.74 | UP | UP | 100 | 2022-07-31 |
money supply m3 | 5051610 | 4958880 | 1.87 | 8.77 | UP | UP | 100 | 2022-07-31 |
Sweden Employment
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
Employment Dynamics | 113.1 | 101.2 | 0.117589 | 0.522207 | 1.0 | 1.0 | 1 | 2021-04-01 |
EEI - Employment Composite | 113.1 | 101.2 | 0.117589 | 0.522207 | 1.0 | 1.0 | 1 | 2021-04-01 |
unemployment rate | 8.6 | 8.5 | 1.18 | -14 | UP | Down | 83.33 | 2022-07-31 |
youth unemployment rate | 21.2 | 21.7 | -2.3 | -16.86 | Down | Down | 58.33 | 2022-08-06 |
long term unemployment rate | 2.2 | 1.9 | 15.79 | 83.33 | UP | UP | 100 | 2022-04-29 |
Sweden Trade & Capital Flows
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
current account | 57.5 | 70.3 | -18.21 | -13.53 | Down | Down | 66.67 | 2022-06-11 |
current account to gdp | 5.2 | 5.1 | 0.0196078 | -0.333333 | 1.0 | -1.0 | 0 | 2020-01-31 |
exports | 181700 | 171500 | 5.95 | 26.01 | UP | UP | 98.33 | 2022-07-31 |
imports | 178600 | 175200 | 1.94 | 48.83 | UP | UP | 100 | 2022-07-31 |
balance of trade | 3100 | -3700 | -183.78 | -55.71 | UP | Down | 70 | 2022-07-31 |
capital flows | 159.8 | -193.5 | -182.58 | -334.31 | UP | UP | 96.67 | 2022-06-14 |
foreign direct investment | 66.5 | 21.6 | 207.87 | -745.63 | UP | UP | 88.33 | 2022-05-18 |
Sweden Reserves
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
foreign exchange reserves | 633751 | 620993 | 2.05 | 28.54 | UP | UP | 100 | 2022-08-11 |
gold reserves | 125.72 | 125.7 | 0.000159109 | 0 | 1.0 | -1.0 | 0.8 | 2020-07-01 |
Sweden Debt
Debt | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
government debt | 1074710 | 1089550 | -1.36 | -11.48 | Down | Down | 13.33 | 2022-08-06 |
government debt to gdp | 36.7 | 39.6 | -7.32 | -11.14 | Down | Down | 0 | 2022-04-29 |
external debt | 99538 | 98382 | 1.18 | 18.57 | UP | UP | 78.33 | 2022-08-06 |
Sweden Banking activity
Fiscal Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
interbank rate | -0.03 | -0.02 | 0.5 | 0.5 | -1.0 | -1.0 | 0.8 | 2021-06-02 |
deposit interest rate | -0.1 | -0.1 | 0 | 0 | -1.0 | -1.0 | 0.6 | 2020-12-31 |
loan growth | 6.2 | 6.5 | -4.62 | 0 | Down | UP | 61.67 | 2022-07-27 |
loans to private sector | 1719290 | 1712560 | 0.39 | 18.61 | UP | UP | 100 | 2022-07-31 |
lending rate | 0.1 | 0.1 | 0 | -0.8 | -1.0 | -1.0 | 0.0333333 | 2020-09-30 |
The four economic environments
There are 4 economic environments based on economic growth and inflationary conditions. Financial assets are affected by economic growth and inflation expectations
as explained in the diagram below.
- Inflation boom: Accelerating Economic growth with Rising inflation – Monetary Policy response: Hawkish
- Stagflation: Slowing Economic Growth with Rising Inflation – Monetary Policy response: Dilemma
- Disinflation boom: Accelerating Economic growth with Slowing Inflation – Monetary Policy response: Neutral
- Deflation Bust: : Slowing Economic Growth with Falling Inflation – Monetary Policy response: Dovish
Sweden Economy
Sweden’s gdp growth annual decreased to -2.5 by -66.67% on July 2020 from -7.5 in the previous Quarterly. On a year on year basis Sweden’s gdp growth annual decreased by -171.43%. Sweden’s gdp growth annual trend is down since the current value of -2.5 is lower than the 12 month moving average of 0.608333.Sweden’s inflation cpi decreased to 0.2 by -33.33% on November 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s inflation cpi decreased by -87.5%. Sweden’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.Sweden’s unemployment rate decreased to 7.7 by -1.28% on November 2020 from 7.8 in the previous Monthly. On a year on year basis Sweden’s unemployment rate increased by 13.24%. Sweden’s unemployment rate trend is down since the current value of 7.7 is lower than the 12 month moving average of 8.10833.
Sweden Financial Markets
Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
---|---|---|---|---|---|---|---|---|---|---|
OMX Stockholm 30 | OMXS | 2154.38 | 0 | -0.5 | -1.55128 | 51.9869 | 0.01386 | -0.01301 | 0.03331 | -0.04267 |
Sweden ETF | EWD | 40.36 | 0.5 | -0.5 | -1.57916 | 57.8658 | 0.03727 | 0.01153 | 0.11001 | -0.09588 |
Swedish Krona US Dollar (SEK/USD) | SEKUSD | 9.3278 | -0.5 | 0.25 | 1.32689 | 41.693 | -0.0171 | -0.01204 | -0.03278 | 0.09238 |
Sweden 10-Year Bond Yield | SE.10Y | 1.283 | 1 | 1 | 4.66144 | 81.1012 | 0.04906 | 0.23842 | 2.48641 | 2.42133 |
Sweden 2-year bond yield | SE.2Y | -0.309 | 0 | 0 | 0.81628 | 41.5677 | 0.03691 | -0.00323 | 0.03691 | 0.24096 |
Sweden Yield Curve | SE.YC | 0.67 | 1 | 0.75 | 1.60103 | 68.4752 | 0.45 | 1.21 | 52.62 | -0.07126 |
OMX Stockholm 30 closed up by 0.0% to 1874.74 on 23 January 2021 and +0.00361% on a weekly basis. OMX Stockholm 30 momentum was last calculated at +0.0/100 indicating positive momentum. OMX Stockholm 30 trend is +0.5/100 indicating a positive trend. OMX Stockholm 30 momentum exhaustion is 0.99888 indicating OMX Stockholm 30 is oversold.Sweden ETF closed up by 0.01464% to 40.89 on 23 January 2021 and +0.02276% on a weekly basis. Sweden ETF momentum was last calculated at +1.0/100 indicating positive momentum. Sweden ETF trend is +1.0/100 indicating a positive trend. Sweden ETF momentum exhaustion is 1.75747 indicating Sweden ETF is oversold.Sweden 10-Year Bond Yield closed up by 0.0% to 0.022 on 23 January 2021 and +-1.21782% on a weekly basis. Sweden 10-Year Bond Yield momentum was last calculated at -1.0/100 indicating negative momentum. Sweden 10-Year Bond Yield trend is +0.75/100 indicating a positive trend. Sweden 10-Year Bond Yield momentum exhaustion is 1.01541 indicating Sweden 10-Year Bond Yield is oversold.Swedish Krona US Dollar (SEK/USD) closed up by 4e-05% to 8.2281 on 23 January 2021 and +-0.00504% on a weekly basis. Swedish Krona US Dollar (SEK/USD) momentum was last calculated at -0.5/100 indicating negative momentum. Swedish Krona US Dollar (SEK/USD) trend is -1.0/100 indicating a negative trend. Swedish Krona US Dollar (SEK/USD) momentum exhaustion is -1.76041 indicating Swedish Krona US Dollar (SEK/USD) is oversold.Sweden Credit Default Swaps closed up by 0.0% to 11.3 on 23 January 2021 and +-0.00877% on a weekly basis. Sweden Credit Default Swaps momentum was last calculated at -0.5/100 indicating negative momentum. Sweden Credit Default Swaps trend is -0.5/100 indicating a negative trend. Sweden Credit Default Swaps momentum exhaustion is -0.62418 indicating Sweden Credit Default Swaps is oversold.
Sweden Macroeconomic model
MacroVar Sweden Macro model analyzes economic growth and inflation to assess the current economic conditions. Economic growth and inflation expectations are the two most important economic indicators used to assess economic conditions, forecast financial market returns and policymaker response. Sweden’s current macroeconomic conditions are analyzed below the chart. Click here to learn more about MacroVar Macro model and the leading economic indicators used for analysis.
Sweden News
Sweden Economy
Economic Activity Overview | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
gdp growth annual | 4.2 | 3 | 40 | 147.06 | UP | UP | 85.83 | 2022-07-31 |
inflation cpi | 8.5 | 8.7 | -2.3 | 507.14 | UP | UP | 98.33 | 2022-08-11 |
unemployment rate | 8.6 | 8.5 | 1.18 | -14 | UP | Down | 83.33 | 2022-07-31 |
Business & Consumer Forecast Overview | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Reserves & Outstanding Debt | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
government debt | 1074710 | 1089550 | -1.36 | -11.48 | Down | Down | 13.33 | 2022-08-06 |
government debt to gdp | 36.7 | 39.6 | -7.32 | -11.14 | Down | Down | 0 | 2022-04-29 |
external debt | 99538 | 98382 | 1.18 | 18.57 | UP | UP | 78.33 | 2022-08-06 |
foreign exchange reserves | 633751 | 620993 | 2.05 | 28.54 | UP | UP | 100 | 2022-08-11 |
gold reserves | 125.72 | 125.7 | 0.000159109 | 0 | 1.0 | -1.0 | 0.8 | 2020-07-01 |
Trade | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
current account | 57.5 | 70.3 | -18.21 | -13.53 | Down | Down | 66.67 | 2022-06-11 |
current account to gdp | 5.2 | 5.1 | 0.0196078 | -0.333333 | 1.0 | -1.0 | 0 | 2020-01-31 |
Monetary Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
interest rate | -0.25 | -0.25 | 0 | 0 | 1.0 | -1.0 | 0.608333 | 2019-10-24 |
central bank balance sheet | 1499460 | 1490820 | 0.58 | 7.13 | Down | UP | 86.67 | 2022-08-11 |
banks balance sheet | 13871100 | 14218900 | -2.45 | 20.99 | UP | UP | 98.33 | 2022-07-31 |
money supply m2 | 4981500 | 4868190 | 2.33 | 9.74 | UP | UP | 100 | 2022-07-31 |
Fiscal Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Government budget | -30497 | 69179 | -144.08 | -10.3 | Down | UP | 20 | 2022-07-31 |
government revenues | 65701 | 158771 | -58.62 | -1.21 | Down | Down | 13.33 | 2022-07-31 |
fiscal expenditure | 96199 | 89592 | 7.37 | -4.28 | UP | Down | 75 | 2022-07-31 |
Sweden’s gdp growth annual decreased to -2.5 by -66.67% on July 2020 from -7.5 in the previous Quarterly. On a year on year basis Sweden’s gdp growth annual decreased by -171.43%. Sweden’s gdp growth annual trend is down since the current value of -2.5 is lower than the 12 month moving average of 0.608333.Sweden’s inflation cpi decreased to 0.2 by -33.33% on November 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s inflation cpi decreased by -87.5%. Sweden’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.Sweden’s unemployment rate decreased to 7.7 by -1.28% on November 2020 from 7.8 in the previous Monthly. On a year on year basis Sweden’s unemployment rate increased by 13.24%. Sweden’s unemployment rate trend is down since the current value of 7.7 is lower than the 12 month moving average of 8.10833.Sweden’s manufacturing pmi icnreased to 59.1 by 1.37% on November 2020 from 58.3 in the previous Monthly. On a year on year basis Sweden’s manufacturing pmi increased by 30.18%. Sweden’s manufacturing pmi trend is down since the current value of 59.1 is lower than the 12 month moving average of 49.7417.Sweden’s services pmi icnreased to 58.6 by 5.97% on November 2020 from 55.3 in the previous Monthly. On a year on year basis Sweden’s services pmi increased by 22.34%. Sweden’s services pmi trend is down since the current value of 58.6 is lower than the 12 month moving average of 51.3417.Sweden’s business confidence decreased to 92.6 by -2.11% on December 2020 from 94.6 in the previous Monthly. On a year on year basis Sweden’s business confidence decreased by -2.11%. Sweden’s business confidence trend is down since the current value of 92.6 is lower than the 12 month moving average of 85.1667.Sweden’s consumer confidence icnreased to 92.3 by 4.18% on December 2020 from 88.6 in the previous Monthly. On a year on year basis Sweden’s consumer confidence decreased by -2.84%. Sweden’s consumer confidence trend is down since the current value of 92.3 is lower than the 12 month moving average of 87.2667.
Sweden Business activity
Business Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
business confidence | 108 | 110.9 | -2.61 | -10.74 | Down | Down | 58.33 | 2022-07-31 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Industrial Confidence | 21.7 | 14.1 | 0.539007 | -1.68454 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
Consumer Confidence | 6.2 | 4.2 | 0.47619 | -1.88571 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
Construction Confidence | -11.2 | -22 | -0.490909 | -0.374302 | 1.0 | 1.0 | 0.5 | 2021-04-01 |
Retail Confidence | 24.7 | 3.5 | 6.05714 | -2.91473 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Services Confidence | 32.6 | 7.2 | 3.52778 | -1.72606 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Sweden’s business confidence decreased to 92.6 by -2.11% on December 2020 from 94.6 in the previous Monthly. On a year on year basis Sweden’s business confidence decreased by -2.11%. Sweden’s business confidence trend is down since the current value of 92.6 is lower than the 12 month moving average of 85.1667.Sweden’s ESI – Economic Composite icnreased to 96.1 by 73.0% on January 2021 from 95.4 in the previous . On a year on year basis Sweden’s ESI – Economic Composite increased by 116.0%. Sweden’s ESI – Economic Composite trend is down since the current value of 96.1 is lower than the 12 month moving average of 88.3417.Sweden’s ESI – Economic Composite icnreased to 96.1 by 73.0% on January 2021 from 95.4 in the previous . On a year on year basis Sweden’s ESI – Economic Composite increased by 116.0%. Sweden’s ESI – Economic Composite trend is down since the current value of 96.1 is lower than the 12 month moving average of 88.3417.Sweden’s manufacturing pmi icnreased to 59.1 by 1.37% on November 2020 from 58.3 in the previous Monthly. On a year on year basis Sweden’s manufacturing pmi increased by 30.18%. Sweden’s manufacturing pmi trend is down since the current value of 59.1 is lower than the 12 month moving average of 49.7417.Sweden’s services pmi icnreased to 58.6 by 5.97% on November 2020 from 55.3 in the previous Monthly. On a year on year basis Sweden’s services pmi increased by 22.34%. Sweden’s services pmi trend is down since the current value of 58.6 is lower than the 12 month moving average of 51.3417.Sweden’s Manufacturing sector decreased to 3.2 by -63333.0% on January 2021 from -0.6 in the previous . On a year on year basis Sweden’s Manufacturing sector decreased by -13902.0%. Sweden’s Manufacturing sector trend is down since the current value of 3.2 is lower than the 12 month moving average of -9.3.Sweden’s Consumer sector decreased to -1.2 by -22000.0% on January 2021 from 1.0 in the previous . On a year on year basis Sweden’s Consumer sector decreased by -7073.0%. Sweden’s Consumer sector trend is down since the current value of -1.2 is lower than the 12 month moving average of -2.78333.Sweden’s Construction sector decreased to -21.0 by -3438.0% on January 2021 from -32.0 in the previous . On a year on year basis Sweden’s Construction sector decreased by -45000.0%. Sweden’s Construction sector trend is down since the current value of -21.0 is lower than the 12 month moving average of -16.75.Sweden’s Retail sector decreased to 6.4 by -5524.0% on January 2021 from 14.3 in the previous . On a year on year basis Sweden’s Retail sector decreased by -6364.0%. Sweden’s Retail sector trend is down since the current value of 6.4 is lower than the 12 month moving average of 7.85.Sweden’s Services sector decreased to -2.0 by -5238.0% on January 2021 from -4.2 in the previous . On a year on year basis Sweden’s Services sector decreased by -11527.0%. Sweden’s Services sector trend is down since the current value of -2.0 is lower than the 12 month moving average of -13.4333.
Sweden Consumer activity
Consumer Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
consumer confidence | 54.1 | 66.5 | -18.65 | -49.06 | Down | Down | 1.67 | 2022-07-31 |
car registrations | 18789 | 27374 | -31.36 | 3.75 | Down | UP | 8.33 | 2022-08-06 |
Consumer - General economic situation (next 12 months) | 6.4 | 1.6 | 3 | -1.26446 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Consumer - Financial situation (next 12 months) | 14.2 | 13.1 | 0.0839695 | 1 | 1.0 | 1.0 | 1 | 2021-04-01 |
Consumer - Price trends (next 12 months) | 26.9 | 23.7 | 0.135021 | 0.305825 | 1.0 | 1.0 | 0.783333 | 2021-04-01 |
Consumer - Unemployment expectations (next 12 months) | 4.3 | 13.9 | -0.690647 | -0.934049 | -1.0 | -1.0 | 0.183333 | 2021-04-01 |
Consumer - Major purchases (next 12 months) | -5.4 | -5.8 | -0.0689655 | -0.605839 | 1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Consumer - Savings (next 12 months) | 54.9 | 52.5 | 0.0457143 | 0.239278 | 1.0 | 1.0 | 0.966667 | 2021-04-01 |
Consumer - Households Financial situation | 51.6 | 50.3 | 0.0258449 | 0.18894 | 1.0 | 1.0 | 0.983333 | 2021-04-01 |
Sweden Manufacturing activity
Manufacturing Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
Industrial Confidence | 21.7 | 14.1 | 0.539007 | -1.68454 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
Industrial New Orders | 7 | 3.7 | 0.891892 | -1.23333 | 1.0 | 1.0 | 0.383333 | 2021-04-01 |
Industrial Prices | 31.3 | 19.5 | 0.605128 | -3.63025 | 1.0 | 1.0 | 0.1 | 2021-04-01 |
Manufacturing - Production trend (recent months) | 30.7 | 26.7 | 0.149813 | -3.20863 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Manufacturing - Export Order Books | 13.2 | 10.7 | 0.233645 | -1.37288 | 1.0 | 1.0 | 0.4 | 2021-04-01 |
Manufacturing - Finished Products (Stock Levels) | -14.5 | -7 | 1.07143 | -1.87879 | -1.0 | -1.0 | 0.166667 | 2021-04-01 |
Manufacturing - Production expectations (next months) | 43.6 | 31.6 | 0.379747 | -1.89712 | 1.0 | 1.0 | 0.0666667 | 2021-04-01 |
industrial production | -0.5 | 0.3 | -266.67 | -102.15 | Down | Down | 18.33 | 2022-08-10 |
industrial production mom | 0.5 | 0.7 | -28.57 | -73.68 | UP | Down | 50 | 2022-08-10 |
capacity utilization | 90.4 | 90.3 | 0.11 | -0.44 | UP | Down | 75 | 2022-05-18 |
Sweden Services activity
Services Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Services Confidence | 32.6 | 7.2 | 3.52778 | -1.72606 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Services - New Orders | 48.2 | 20.6 | 1.33981 | -1.89094 | 1.0 | 1.0 | 0.0666667 | 2021-04-01 |
Services - Prices | 12.6 | 1.6 | 6.875 | -1.62376 | 1.0 | 1.0 | 0.166667 | 2021-04-01 |
Services - Business activity (past 3 months) | 25.2 | 0.3 | 83 | -1.62222 | 1.0 | 1.0 | 0.133333 | 2021-04-01 |
Services - Demand (past 3 months) | 24.3 | 0.6 | 39.5 | -1.60448 | 1.0 | 1.0 | 0.183333 | 2021-04-01 |
Services - Employment (past 3 months) | -1.6 | -13.4 | -0.880597 | -0.937984 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
Services - Employment (next 3 months) | 30.8 | 8.5 | 2.62353 | -1.64167 | 1.0 | 1.0 | 0.15 | 2021-04-01 |
Sweden Retail Sector
Retail Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Retail Confidence | 24.7 | 3.5 | 6.05714 | -2.91473 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Retail - Orders Expectations (next 3 months) | 35.1 | 1.3 | 26 | -2.13226 | 1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Retail - Prices expectations (next 3 months) | 25.8 | 15.7 | 0.643312 | 1.064 | 1.0 | 1.0 | 0.816667 | 2021-04-01 |
Retail - Business activity (past 3 months) | 21.8 | 1.1 | 18.8182 | 7.72 | 1.0 | 1.0 | 1 | 2021-04-01 |
Retail - Stock Levels | -3.1 | 0.3 | -11.3333 | -1.16146 | -1.0 | -1.0 | 0.0166667 | 2021-04-01 |
Retail - Business activity expectations (next 3 months) | 49.2 | 9.6 | 4.125 | -3.25688 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Retail - Employment expectations (next 3 months) | 6.3 | -10 | -1.63 | -1.18584 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
retail sales | -3.6 | -2 | 80 | -141.86 | Down | Down | 1.67 | 2022-07-31 |
retail sales MoM | -0.6 | 0.4 | -250 | -133.33 | Down | Down | 25 | 2022-06-27 |
Sweden Construction Sector
Construction Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Construction Confidence | -11.2 | -22 | -0.490909 | -0.374302 | 1.0 | 1.0 | 0.5 | 2021-04-01 |
Construction - Current Order Books | -19.9 | -27.4 | -0.273723 | 1.26136 | 1.0 | -1.0 | 0.8 | 2021-04-01 |
Construction - Prices over next 3 months | -9.8 | -21.5 | -0.544186 | -0.74677 | 1.0 | 1.0 | 0.25 | 2021-04-01 |
Construction - Employment over next 3 months | -2.6 | -16.7 | -0.844311 | -0.903346 | 1.0 | 1.0 | 0.25 | 2021-04-01 |
housing starts | 13.7 | 15.45 | -11.33 | 12.68 | UP | UP | 76.67 | 2022-05-26 |
housing index | 285.75 | 297.14 | -3.83 | -0.55 | Down | Down | 80 | 2022-07-31 |
Construction - Building Activity (past 3 months) | -7.9 | -15.3 | -0.48366 | -0.563536 | 1.0 | 1.0 | 0.416667 | 2021-04-01 |
Construction - Factors Limiting (None) | 21.6 | 17.3 | 0.248555 | 0.449664 | 1.0 | 1.0 | 0.883333 | 2021-04-01 |
Construction - Factors Limiting (Insufficient Demand) | 45.3 | 46.8 | -0.0320513 | 0.629496 | -1.0 | 1.0 | 0.7 | 2021-04-01 |
Construction - Factors Limiting (Weather) | 1.1 | 0.6 | 0.833333 | -12 | -1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Construction - Factors Limiting (Shortage of labour force) | 17.9 | 9.4 | 0.904255 | 0.864583 | 1.0 | 1.0 | 1 | 2021-04-01 |
Construction - Factors Limiting (Shortage of material - equipment) | 1.1 | 2.2 | -0.5 | 10 | 1.0 | 1.0 | 0.95 | 2021-04-01 |
Construction - Factors Limiting (Other) | 3.5 | 5.2 | -0.326923 | -0.623656 | -1.0 | -1.0 | 0.0666667 | 2021-04-01 |
Construction - Factors Limiting (Financial Constraints) | 10.5 | 19.9 | -0.472362 | -0.730077 | -1.0 | -1.0 | 0.0166667 | 2021-04-01 |
Sweden GDP
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
Real GDP | 1377350 | 1329540 | 3.6 | 9.83 | UP | UP | 100 | 2022-06-06 |
gdp growth annual | 4.2 | 3 | 40 | 147.06 | UP | UP | 85.83 | 2022-07-31 |
gdp | 530.833 | 555.455 | -0.0443276 | 0.0805695 | -1.0 | 1.0 | 0 | 2019-01-31 |
gdp growth | 1.4 | -0.8 | -275 | 250 | UP | UP | 89.17 | 2022-07-31 |
Sweden inflation
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
inflation cpi | 8.5 | 8.7 | -2.3 | 507.14 | UP | UP | 98.33 | 2022-08-11 |
core inflation rate | 8.5 | 7.2 | 18.06 | 431.25 | UP | UP | 100 | 2022-07-16 |
consumer price index cpi | 370.95 | 365.82 | 1.4 | 8.68 | UP | UP | 100 | 2022-07-16 |
Producer Price Index | 137 | 133.7 | 2.47 | 13.6 | UP | UP | 100 | 2022-07-31 |
PPI Index | 25.6 | 24.4 | 4.92 | 224.05 | UP | UP | 100 | 2022-07-31 |
Sweden Government Policy
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
government budget | -0.2 | -2.7 | -92.59 | -105.88 | Down | Down | 0 | 2022-04-29 |
Government budget | -30497 | 69179 | -144.08 | -10.3 | Down | UP | 20 | 2022-07-31 |
government revenues | 65701 | 158771 | -58.62 | -1.21 | Down | Down | 13.33 | 2022-07-31 |
fiscal expenditure | 96199 | 89592 | 7.37 | -4.28 | UP | Down | 75 | 2022-07-31 |
Sweden Monetary Policy
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
interest rate | -0.25 | -0.25 | 0 | 0 | 1.0 | -1.0 | 0.608333 | 2019-10-24 |
central bank balance sheet | 1499460 | 1490820 | 0.58 | 7.13 | Down | UP | 86.67 | 2022-08-11 |
banks balance sheet | 13871100 | 14218900 | -2.45 | 20.99 | UP | UP | 98.33 | 2022-07-31 |
money supply m0 | 67532 | 67074 | 0.68 | 9.43 | UP | UP | 100 | 2022-07-31 |
money supply m1 | 4623140 | 4540980 | 1.81 | 9.5 | UP | UP | 100 | 2022-07-31 |
money supply m2 | 4981500 | 4868190 | 2.33 | 9.74 | UP | UP | 100 | 2022-07-31 |
money supply m3 | 5051610 | 4958880 | 1.87 | 8.77 | UP | UP | 100 | 2022-07-31 |
Sweden Employment
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
Employment Dynamics | 113.1 | 101.2 | 0.117589 | 0.522207 | 1.0 | 1.0 | 1 | 2021-04-01 |
EEI - Employment Composite | 113.1 | 101.2 | 0.117589 | 0.522207 | 1.0 | 1.0 | 1 | 2021-04-01 |
unemployment rate | 8.6 | 8.5 | 1.18 | -14 | UP | Down | 83.33 | 2022-07-31 |
youth unemployment rate | 21.2 | 21.7 | -2.3 | -16.86 | Down | Down | 58.33 | 2022-08-06 |
long term unemployment rate | 2.2 | 1.9 | 15.79 | 83.33 | UP | UP | 100 | 2022-04-29 |
Sweden Trade & Capital Flows
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
current account | 57.5 | 70.3 | -18.21 | -13.53 | Down | Down | 66.67 | 2022-06-11 |
current account to gdp | 5.2 | 5.1 | 0.0196078 | -0.333333 | 1.0 | -1.0 | 0 | 2020-01-31 |
exports | 181700 | 171500 | 5.95 | 26.01 | UP | UP | 98.33 | 2022-07-31 |
imports | 178600 | 175200 | 1.94 | 48.83 | UP | UP | 100 | 2022-07-31 |
balance of trade | 3100 | -3700 | -183.78 | -55.71 | UP | Down | 70 | 2022-07-31 |
capital flows | 159.8 | -193.5 | -182.58 | -334.31 | UP | UP | 96.67 | 2022-06-14 |
foreign direct investment | 66.5 | 21.6 | 207.87 | -745.63 | UP | UP | 88.33 | 2022-05-18 |
Sweden Reserves
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
foreign exchange reserves | 633751 | 620993 | 2.05 | 28.54 | UP | UP | 100 | 2022-08-11 |
gold reserves | 125.72 | 125.7 | 0.000159109 | 0 | 1.0 | -1.0 | 0.8 | 2020-07-01 |
Sweden Debt
Debt | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
government debt | 1074710 | 1089550 | -1.36 | -11.48 | Down | Down | 13.33 | 2022-08-06 |
government debt to gdp | 36.7 | 39.6 | -7.32 | -11.14 | Down | Down | 0 | 2022-04-29 |
external debt | 99538 | 98382 | 1.18 | 18.57 | UP | UP | 78.33 | 2022-08-06 |
Sweden Banking activity
Fiscal Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
interbank rate | -0.03 | -0.02 | 0.5 | 0.5 | -1.0 | -1.0 | 0.8 | 2021-06-02 |
deposit interest rate | -0.1 | -0.1 | 0 | 0 | -1.0 | -1.0 | 0.6 | 2020-12-31 |
loan growth | 6.2 | 6.5 | -4.62 | 0 | Down | UP | 61.67 | 2022-07-27 |
loans to private sector | 1719290 | 1712560 | 0.39 | 18.61 | UP | UP | 100 | 2022-07-31 |
lending rate | 0.1 | 0.1 | 0 | -0.8 | -1.0 | -1.0 | 0.0333333 | 2020-09-30 |
The four economic environments
There are 4 economic environments based on economic growth and inflationary conditions. Financial assets are affected by economic growth and inflation expectations
as explained in the diagram below.
- Inflation boom: Accelerating Economic growth with Rising inflation – Monetary Policy response: Hawkish
- Stagflation: Slowing Economic Growth with Rising Inflation – Monetary Policy response: Dilemma
- Disinflation boom: Accelerating Economic growth with Slowing Inflation – Monetary Policy response: Neutral
- Deflation Bust: : Slowing Economic Growth with Falling Inflation – Monetary Policy response: Dovish
Sweden Economy
Sweden’s gdp growth annual decreased to -2.5 by -66.67% on July 2020 from -7.5 in the previous Quarterly. On a year on year basis Sweden’s gdp growth annual decreased by -171.43%. Sweden’s gdp growth annual trend is down since the current value of -2.5 is lower than the 12 month moving average of 0.608333.Sweden’s inflation cpi decreased to 0.2 by -33.33% on November 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s inflation cpi decreased by -87.5%. Sweden’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.Sweden’s unemployment rate decreased to 7.7 by -1.28% on November 2020 from 7.8 in the previous Monthly. On a year on year basis Sweden’s unemployment rate increased by 13.24%. Sweden’s unemployment rate trend is down since the current value of 7.7 is lower than the 12 month moving average of 8.10833.
Sweden Financial Markets
Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
---|---|---|---|---|---|---|---|---|---|---|
OMX Stockholm 30 | OMXS | 2154.38 | 0 | -0.5 | -1.55128 | 51.9869 | 0.01386 | -0.01301 | 0.03331 | -0.04267 |
Sweden ETF | EWD | 40.36 | 0.5 | -0.5 | -1.57916 | 57.8658 | 0.03727 | 0.01153 | 0.11001 | -0.09588 |
Swedish Krona US Dollar (SEK/USD) | SEKUSD | 9.3278 | -0.5 | 0.25 | 1.32689 | 41.693 | -0.0171 | -0.01204 | -0.03278 | 0.09238 |
Sweden 10-Year Bond Yield | SE.10Y | 1.283 | 1 | 1 | 4.66144 | 81.1012 | 0.04906 | 0.23842 | 2.48641 | 2.42133 |
Sweden 2-year bond yield | SE.2Y | -0.309 | 0 | 0 | 0.81628 | 41.5677 | 0.03691 | -0.00323 | 0.03691 | 0.24096 |
Sweden Yield Curve | SE.YC | 0.67 | 1 | 0.75 | 1.60103 | 68.4752 | 0.45 | 1.21 | 52.62 | -0.07126 |
OMX Stockholm 30 closed up by 0.0% to 1874.74 on 23 January 2021 and +0.00361% on a weekly basis. OMX Stockholm 30 momentum was last calculated at +0.0/100 indicating positive momentum. OMX Stockholm 30 trend is +0.5/100 indicating a positive trend. OMX Stockholm 30 momentum exhaustion is 0.99888 indicating OMX Stockholm 30 is oversold.Sweden ETF closed up by 0.01464% to 40.89 on 23 January 2021 and +0.02276% on a weekly basis. Sweden ETF momentum was last calculated at +1.0/100 indicating positive momentum. Sweden ETF trend is +1.0/100 indicating a positive trend. Sweden ETF momentum exhaustion is 1.75747 indicating Sweden ETF is oversold.Sweden 10-Year Bond Yield closed up by 0.0% to 0.022 on 23 January 2021 and +-1.21782% on a weekly basis. Sweden 10-Year Bond Yield momentum was last calculated at -1.0/100 indicating negative momentum. Sweden 10-Year Bond Yield trend is +0.75/100 indicating a positive trend. Sweden 10-Year Bond Yield momentum exhaustion is 1.01541 indicating Sweden 10-Year Bond Yield is oversold.Swedish Krona US Dollar (SEK/USD) closed up by 4e-05% to 8.2281 on 23 January 2021 and +-0.00504% on a weekly basis. Swedish Krona US Dollar (SEK/USD) momentum was last calculated at -0.5/100 indicating negative momentum. Swedish Krona US Dollar (SEK/USD) trend is -1.0/100 indicating a negative trend. Swedish Krona US Dollar (SEK/USD) momentum exhaustion is -1.76041 indicating Swedish Krona US Dollar (SEK/USD) is oversold.Sweden Credit Default Swaps closed up by 0.0% to 11.3 on 23 January 2021 and +-0.00877% on a weekly basis. Sweden Credit Default Swaps momentum was last calculated at -0.5/100 indicating negative momentum. Sweden Credit Default Swaps trend is -0.5/100 indicating a negative trend. Sweden Credit Default Swaps momentum exhaustion is -0.62418 indicating Sweden Credit Default Swaps is oversold.
Sweden Macroeconomic model
MacroVar Sweden Macro model analyzes economic growth and inflation to assess the current economic conditions. Economic growth and inflation expectations are the two most important economic indicators used to assess economic conditions, forecast financial market returns and policymaker response. Sweden’s current macroeconomic conditions are analyzed below the chart. Click here to learn more about MacroVar Macro model and the leading economic indicators used for analysis.
Sweden News
Sweden Economy
Economic Activity Overview | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
gdp growth annual | 4.2 | 3 | 40 | 147.06 | UP | UP | 85.83 | 2022-07-31 |
inflation cpi | 8.5 | 8.7 | -2.3 | 507.14 | UP | UP | 98.33 | 2022-08-11 |
unemployment rate | 8.6 | 8.5 | 1.18 | -14 | UP | Down | 83.33 | 2022-07-31 |
Business & Consumer Forecast Overview | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Reserves & Outstanding Debt | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
government debt | 1074710 | 1089550 | -1.36 | -11.48 | Down | Down | 13.33 | 2022-08-06 |
government debt to gdp | 36.7 | 39.6 | -7.32 | -11.14 | Down | Down | 0 | 2022-04-29 |
external debt | 99538 | 98382 | 1.18 | 18.57 | UP | UP | 78.33 | 2022-08-06 |
foreign exchange reserves | 633751 | 620993 | 2.05 | 28.54 | UP | UP | 100 | 2022-08-11 |
gold reserves | 125.72 | 125.7 | 0.000159109 | 0 | 1.0 | -1.0 | 0.8 | 2020-07-01 |
Trade | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
current account | 57.5 | 70.3 | -18.21 | -13.53 | Down | Down | 66.67 | 2022-06-11 |
current account to gdp | 5.2 | 5.1 | 0.0196078 | -0.333333 | 1.0 | -1.0 | 0 | 2020-01-31 |
Monetary Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
interest rate | -0.25 | -0.25 | 0 | 0 | 1.0 | -1.0 | 0.608333 | 2019-10-24 |
central bank balance sheet | 1499460 | 1490820 | 0.58 | 7.13 | Down | UP | 86.67 | 2022-08-11 |
banks balance sheet | 13871100 | 14218900 | -2.45 | 20.99 | UP | UP | 98.33 | 2022-07-31 |
money supply m2 | 4981500 | 4868190 | 2.33 | 9.74 | UP | UP | 100 | 2022-07-31 |
Fiscal Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Government budget | -30497 | 69179 | -144.08 | -10.3 | Down | UP | 20 | 2022-07-31 |
government revenues | 65701 | 158771 | -58.62 | -1.21 | Down | Down | 13.33 | 2022-07-31 |
fiscal expenditure | 96199 | 89592 | 7.37 | -4.28 | UP | Down | 75 | 2022-07-31 |
Sweden’s gdp growth annual decreased to -2.5 by -66.67% on July 2020 from -7.5 in the previous Quarterly. On a year on year basis Sweden’s gdp growth annual decreased by -171.43%. Sweden’s gdp growth annual trend is down since the current value of -2.5 is lower than the 12 month moving average of 0.608333.Sweden’s inflation cpi decreased to 0.2 by -33.33% on November 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s inflation cpi decreased by -87.5%. Sweden’s inflation cpi trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.75.Sweden’s unemployment rate decreased to 7.7 by -1.28% on November 2020 from 7.8 in the previous Monthly. On a year on year basis Sweden’s unemployment rate increased by 13.24%. Sweden’s unemployment rate trend is down since the current value of 7.7 is lower than the 12 month moving average of 8.10833.Sweden’s manufacturing pmi icnreased to 59.1 by 1.37% on November 2020 from 58.3 in the previous Monthly. On a year on year basis Sweden’s manufacturing pmi increased by 30.18%. Sweden’s manufacturing pmi trend is down since the current value of 59.1 is lower than the 12 month moving average of 49.7417.Sweden’s services pmi icnreased to 58.6 by 5.97% on November 2020 from 55.3 in the previous Monthly. On a year on year basis Sweden’s services pmi increased by 22.34%. Sweden’s services pmi trend is down since the current value of 58.6 is lower than the 12 month moving average of 51.3417.Sweden’s business confidence decreased to 92.6 by -2.11% on December 2020 from 94.6 in the previous Monthly. On a year on year basis Sweden’s business confidence decreased by -2.11%. Sweden’s business confidence trend is down since the current value of 92.6 is lower than the 12 month moving average of 85.1667.Sweden’s consumer confidence icnreased to 92.3 by 4.18% on December 2020 from 88.6 in the previous Monthly. On a year on year basis Sweden’s consumer confidence decreased by -2.84%. Sweden’s consumer confidence trend is down since the current value of 92.3 is lower than the 12 month moving average of 87.2667.
Sweden Business activity
Business Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
business confidence | 108 | 110.9 | -2.61 | -10.74 | Down | Down | 58.33 | 2022-07-31 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
ESI - Economic Composite | 117.5 | 106.7 | 0.101218 | 0.680973 | 1.0 | 1.0 | 1 | 2021-04-01 |
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Industrial Confidence | 21.7 | 14.1 | 0.539007 | -1.68454 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
Consumer Confidence | 6.2 | 4.2 | 0.47619 | -1.88571 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
Construction Confidence | -11.2 | -22 | -0.490909 | -0.374302 | 1.0 | 1.0 | 0.5 | 2021-04-01 |
Retail Confidence | 24.7 | 3.5 | 6.05714 | -2.91473 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Services Confidence | 32.6 | 7.2 | 3.52778 | -1.72606 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Sweden’s business confidence decreased to 92.6 by -2.11% on December 2020 from 94.6 in the previous Monthly. On a year on year basis Sweden’s business confidence decreased by -2.11%. Sweden’s business confidence trend is down since the current value of 92.6 is lower than the 12 month moving average of 85.1667.Sweden’s ESI – Economic Composite icnreased to 96.1 by 73.0% on January 2021 from 95.4 in the previous . On a year on year basis Sweden’s ESI – Economic Composite increased by 116.0%. Sweden’s ESI – Economic Composite trend is down since the current value of 96.1 is lower than the 12 month moving average of 88.3417.Sweden’s ESI – Economic Composite icnreased to 96.1 by 73.0% on January 2021 from 95.4 in the previous . On a year on year basis Sweden’s ESI – Economic Composite increased by 116.0%. Sweden’s ESI – Economic Composite trend is down since the current value of 96.1 is lower than the 12 month moving average of 88.3417.Sweden’s manufacturing pmi icnreased to 59.1 by 1.37% on November 2020 from 58.3 in the previous Monthly. On a year on year basis Sweden’s manufacturing pmi increased by 30.18%. Sweden’s manufacturing pmi trend is down since the current value of 59.1 is lower than the 12 month moving average of 49.7417.Sweden’s services pmi icnreased to 58.6 by 5.97% on November 2020 from 55.3 in the previous Monthly. On a year on year basis Sweden’s services pmi increased by 22.34%. Sweden’s services pmi trend is down since the current value of 58.6 is lower than the 12 month moving average of 51.3417.Sweden’s Manufacturing sector decreased to 3.2 by -63333.0% on January 2021 from -0.6 in the previous . On a year on year basis Sweden’s Manufacturing sector decreased by -13902.0%. Sweden’s Manufacturing sector trend is down since the current value of 3.2 is lower than the 12 month moving average of -9.3.Sweden’s Consumer sector decreased to -1.2 by -22000.0% on January 2021 from 1.0 in the previous . On a year on year basis Sweden’s Consumer sector decreased by -7073.0%. Sweden’s Consumer sector trend is down since the current value of -1.2 is lower than the 12 month moving average of -2.78333.Sweden’s Construction sector decreased to -21.0 by -3438.0% on January 2021 from -32.0 in the previous . On a year on year basis Sweden’s Construction sector decreased by -45000.0%. Sweden’s Construction sector trend is down since the current value of -21.0 is lower than the 12 month moving average of -16.75.Sweden’s Retail sector decreased to 6.4 by -5524.0% on January 2021 from 14.3 in the previous . On a year on year basis Sweden’s Retail sector decreased by -6364.0%. Sweden’s Retail sector trend is down since the current value of 6.4 is lower than the 12 month moving average of 7.85.Sweden’s Services sector decreased to -2.0 by -5238.0% on January 2021 from -4.2 in the previous . On a year on year basis Sweden’s Services sector decreased by -11527.0%. Sweden’s Services sector trend is down since the current value of -2.0 is lower than the 12 month moving average of -13.4333.
Sweden Consumer activity
Consumer Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
consumer confidence | 54.1 | 66.5 | -18.65 | -49.06 | Down | Down | 1.67 | 2022-07-31 |
car registrations | 18789 | 27374 | -31.36 | 3.75 | Down | UP | 8.33 | 2022-08-06 |
Consumer - General economic situation (next 12 months) | 6.4 | 1.6 | 3 | -1.26446 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Consumer - Financial situation (next 12 months) | 14.2 | 13.1 | 0.0839695 | 1 | 1.0 | 1.0 | 1 | 2021-04-01 |
Consumer - Price trends (next 12 months) | 26.9 | 23.7 | 0.135021 | 0.305825 | 1.0 | 1.0 | 0.783333 | 2021-04-01 |
Consumer - Unemployment expectations (next 12 months) | 4.3 | 13.9 | -0.690647 | -0.934049 | -1.0 | -1.0 | 0.183333 | 2021-04-01 |
Consumer - Major purchases (next 12 months) | -5.4 | -5.8 | -0.0689655 | -0.605839 | 1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Consumer - Savings (next 12 months) | 54.9 | 52.5 | 0.0457143 | 0.239278 | 1.0 | 1.0 | 0.966667 | 2021-04-01 |
Consumer - Households Financial situation | 51.6 | 50.3 | 0.0258449 | 0.18894 | 1.0 | 1.0 | 0.983333 | 2021-04-01 |
Sweden Manufacturing activity
Manufacturing Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Sweden | 53.1 | 53.6 | -0.93 | -18.31 | Down | Down | 33.33 | 2022-08-02 |
Industrial Confidence | 21.7 | 14.1 | 0.539007 | -1.68454 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
Industrial New Orders | 7 | 3.7 | 0.891892 | -1.23333 | 1.0 | 1.0 | 0.383333 | 2021-04-01 |
Industrial Prices | 31.3 | 19.5 | 0.605128 | -3.63025 | 1.0 | 1.0 | 0.1 | 2021-04-01 |
Manufacturing - Production trend (recent months) | 30.7 | 26.7 | 0.149813 | -3.20863 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Manufacturing - Export Order Books | 13.2 | 10.7 | 0.233645 | -1.37288 | 1.0 | 1.0 | 0.4 | 2021-04-01 |
Manufacturing - Finished Products (Stock Levels) | -14.5 | -7 | 1.07143 | -1.87879 | -1.0 | -1.0 | 0.166667 | 2021-04-01 |
Manufacturing - Production expectations (next months) | 43.6 | 31.6 | 0.379747 | -1.89712 | 1.0 | 1.0 | 0.0666667 | 2021-04-01 |
industrial production | -0.5 | 0.3 | -266.67 | -102.15 | Down | Down | 18.33 | 2022-08-10 |
industrial production mom | 0.5 | 0.7 | -28.57 | -73.68 | UP | Down | 50 | 2022-08-10 |
capacity utilization | 90.4 | 90.3 | 0.11 | -0.44 | UP | Down | 75 | 2022-05-18 |
Sweden Services activity
Services Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
services pmi | 58.8 | 62.3 | -5.62 | -14.53 | Down | Down | 53.33 | 2022-08-03 |
Services Confidence | 32.6 | 7.2 | 3.52778 | -1.72606 | 1.0 | 1.0 | 0.116667 | 2021-04-01 |
Services - New Orders | 48.2 | 20.6 | 1.33981 | -1.89094 | 1.0 | 1.0 | 0.0666667 | 2021-04-01 |
Services - Prices | 12.6 | 1.6 | 6.875 | -1.62376 | 1.0 | 1.0 | 0.166667 | 2021-04-01 |
Services - Business activity (past 3 months) | 25.2 | 0.3 | 83 | -1.62222 | 1.0 | 1.0 | 0.133333 | 2021-04-01 |
Services - Demand (past 3 months) | 24.3 | 0.6 | 39.5 | -1.60448 | 1.0 | 1.0 | 0.183333 | 2021-04-01 |
Services - Employment (past 3 months) | -1.6 | -13.4 | -0.880597 | -0.937984 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
Services - Employment (next 3 months) | 30.8 | 8.5 | 2.62353 | -1.64167 | 1.0 | 1.0 | 0.15 | 2021-04-01 |
Sweden Retail Sector
Retail Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Retail Confidence | 24.7 | 3.5 | 6.05714 | -2.91473 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Retail - Orders Expectations (next 3 months) | 35.1 | 1.3 | 26 | -2.13226 | 1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Retail - Prices expectations (next 3 months) | 25.8 | 15.7 | 0.643312 | 1.064 | 1.0 | 1.0 | 0.816667 | 2021-04-01 |
Retail - Business activity (past 3 months) | 21.8 | 1.1 | 18.8182 | 7.72 | 1.0 | 1.0 | 1 | 2021-04-01 |
Retail - Stock Levels | -3.1 | 0.3 | -11.3333 | -1.16146 | -1.0 | -1.0 | 0.0166667 | 2021-04-01 |
Retail - Business activity expectations (next 3 months) | 49.2 | 9.6 | 4.125 | -3.25688 | 1.0 | 1.0 | 0.0166667 | 2021-04-01 |
Retail - Employment expectations (next 3 months) | 6.3 | -10 | -1.63 | -1.18584 | 1.0 | 1.0 | 0.2 | 2021-04-01 |
retail sales | -3.6 | -2 | 80 | -141.86 | Down | Down | 1.67 | 2022-07-31 |
retail sales MoM | -0.6 | 0.4 | -250 | -133.33 | Down | Down | 25 | 2022-06-27 |
Sweden Construction Sector
Construction Activity | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
Construction Confidence | -11.2 | -22 | -0.490909 | -0.374302 | 1.0 | 1.0 | 0.5 | 2021-04-01 |
Construction - Current Order Books | -19.9 | -27.4 | -0.273723 | 1.26136 | 1.0 | -1.0 | 0.8 | 2021-04-01 |
Construction - Prices over next 3 months | -9.8 | -21.5 | -0.544186 | -0.74677 | 1.0 | 1.0 | 0.25 | 2021-04-01 |
Construction - Employment over next 3 months | -2.6 | -16.7 | -0.844311 | -0.903346 | 1.0 | 1.0 | 0.25 | 2021-04-01 |
housing starts | 13.7 | 15.45 | -11.33 | 12.68 | UP | UP | 76.67 | 2022-05-26 |
housing index | 285.75 | 297.14 | -3.83 | -0.55 | Down | Down | 80 | 2022-07-31 |
Construction - Building Activity (past 3 months) | -7.9 | -15.3 | -0.48366 | -0.563536 | 1.0 | 1.0 | 0.416667 | 2021-04-01 |
Construction - Factors Limiting (None) | 21.6 | 17.3 | 0.248555 | 0.449664 | 1.0 | 1.0 | 0.883333 | 2021-04-01 |
Construction - Factors Limiting (Insufficient Demand) | 45.3 | 46.8 | -0.0320513 | 0.629496 | -1.0 | 1.0 | 0.7 | 2021-04-01 |
Construction - Factors Limiting (Weather) | 1.1 | 0.6 | 0.833333 | -12 | -1.0 | 1.0 | 0.0333333 | 2021-04-01 |
Construction - Factors Limiting (Shortage of labour force) | 17.9 | 9.4 | 0.904255 | 0.864583 | 1.0 | 1.0 | 1 | 2021-04-01 |
Construction - Factors Limiting (Shortage of material - equipment) | 1.1 | 2.2 | -0.5 | 10 | 1.0 | 1.0 | 0.95 | 2021-04-01 |
Construction - Factors Limiting (Other) | 3.5 | 5.2 | -0.326923 | -0.623656 | -1.0 | -1.0 | 0.0666667 | 2021-04-01 |
Construction - Factors Limiting (Financial Constraints) | 10.5 | 19.9 | -0.472362 | -0.730077 | -1.0 | -1.0 | 0.0166667 | 2021-04-01 |
Sweden GDP
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
Real GDP | 1377350 | 1329540 | 3.6 | 9.83 | UP | UP | 100 | 2022-06-06 |
gdp growth annual | 4.2 | 3 | 40 | 147.06 | UP | UP | 85.83 | 2022-07-31 |
gdp | 530.833 | 555.455 | -0.0443276 | 0.0805695 | -1.0 | 1.0 | 0 | 2019-01-31 |
gdp growth | 1.4 | -0.8 | -275 | 250 | UP | UP | 89.17 | 2022-07-31 |
Sweden inflation
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
inflation cpi | 8.5 | 8.7 | -2.3 | 507.14 | UP | UP | 98.33 | 2022-08-11 |
core inflation rate | 8.5 | 7.2 | 18.06 | 431.25 | UP | UP | 100 | 2022-07-16 |
consumer price index cpi | 370.95 | 365.82 | 1.4 | 8.68 | UP | UP | 100 | 2022-07-16 |
Producer Price Index | 137 | 133.7 | 2.47 | 13.6 | UP | UP | 100 | 2022-07-31 |
PPI Index | 25.6 | 24.4 | 4.92 | 224.05 | UP | UP | 100 | 2022-07-31 |
Sweden Government Policy
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
government budget | -0.2 | -2.7 | -92.59 | -105.88 | Down | Down | 0 | 2022-04-29 |
Government budget | -30497 | 69179 | -144.08 | -10.3 | Down | UP | 20 | 2022-07-31 |
government revenues | 65701 | 158771 | -58.62 | -1.21 | Down | Down | 13.33 | 2022-07-31 |
fiscal expenditure | 96199 | 89592 | 7.37 | -4.28 | UP | Down | 75 | 2022-07-31 |
Sweden Monetary Policy
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
interest rate | -0.25 | -0.25 | 0 | 0 | 1.0 | -1.0 | 0.608333 | 2019-10-24 |
central bank balance sheet | 1499460 | 1490820 | 0.58 | 7.13 | Down | UP | 86.67 | 2022-08-11 |
banks balance sheet | 13871100 | 14218900 | -2.45 | 20.99 | UP | UP | 98.33 | 2022-07-31 |
money supply m0 | 67532 | 67074 | 0.68 | 9.43 | UP | UP | 100 | 2022-07-31 |
money supply m1 | 4623140 | 4540980 | 1.81 | 9.5 | UP | UP | 100 | 2022-07-31 |
money supply m2 | 4981500 | 4868190 | 2.33 | 9.74 | UP | UP | 100 | 2022-07-31 |
money supply m3 | 5051610 | 4958880 | 1.87 | 8.77 | UP | UP | 100 | 2022-07-31 |
Sweden Employment
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
Employment Dynamics | 113.1 | 101.2 | 0.117589 | 0.522207 | 1.0 | 1.0 | 1 | 2021-04-01 |
EEI - Employment Composite | 113.1 | 101.2 | 0.117589 | 0.522207 | 1.0 | 1.0 | 1 | 2021-04-01 |
unemployment rate | 8.6 | 8.5 | 1.18 | -14 | UP | Down | 83.33 | 2022-07-31 |
youth unemployment rate | 21.2 | 21.7 | -2.3 | -16.86 | Down | Down | 58.33 | 2022-08-06 |
long term unemployment rate | 2.2 | 1.9 | 15.79 | 83.33 | UP | UP | 100 | 2022-04-29 |
Sweden Trade & Capital Flows
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
current account | 57.5 | 70.3 | -18.21 | -13.53 | Down | Down | 66.67 | 2022-06-11 |
current account to gdp | 5.2 | 5.1 | 0.0196078 | -0.333333 | 1.0 | -1.0 | 0 | 2020-01-31 |
exports | 181700 | 171500 | 5.95 | 26.01 | UP | UP | 98.33 | 2022-07-31 |
imports | 178600 | 175200 | 1.94 | 48.83 | UP | UP | 100 | 2022-07-31 |
balance of trade | 3100 | -3700 | -183.78 | -55.71 | UP | Down | 70 | 2022-07-31 |
capital flows | 159.8 | -193.5 | -182.58 | -334.31 | UP | UP | 96.67 | 2022-06-14 |
foreign direct investment | 66.5 | 21.6 | 207.87 | -745.63 | UP | UP | 88.33 | 2022-05-18 |
Sweden Reserves
Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update | |
---|---|---|---|---|---|---|---|---|
foreign exchange reserves | 633751 | 620993 | 2.05 | 28.54 | UP | UP | 100 | 2022-08-11 |
gold reserves | 125.72 | 125.7 | 0.000159109 | 0 | 1.0 | -1.0 | 0.8 | 2020-07-01 |
Sweden Debt
Debt | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
government debt | 1074710 | 1089550 | -1.36 | -11.48 | Down | Down | 13.33 | 2022-08-06 |
government debt to gdp | 36.7 | 39.6 | -7.32 | -11.14 | Down | Down | 0 | 2022-04-29 |
external debt | 99538 | 98382 | 1.18 | 18.57 | UP | UP | 78.33 | 2022-08-06 |
Sweden Banking activity
Fiscal Policy | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
---|---|---|---|---|---|---|---|---|
interbank rate | -0.03 | -0.02 | 0.5 | 0.5 | -1.0 | -1.0 | 0.8 | 2021-06-02 |
deposit interest rate | -0.1 | -0.1 | 0 | 0 | -1.0 | -1.0 | 0.6 | 2020-12-31 |
loan growth | 6.2 | 6.5 | -4.62 | 0 | Down | UP | 61.67 | 2022-07-27 |
loans to private sector | 1719290 | 1712560 | 0.39 | 18.61 | UP | UP | 100 | 2022-07-31 |
lending rate | 0.1 | 0.1 | 0 | -0.8 | -1.0 | -1.0 | 0.0333333 | 2020-09-30 |
The four economic environments
There are 4 economic environments based on economic growth and inflationary conditions. Financial assets are affected by economic growth and inflation expectations
as explained in the diagram below.
- Inflation boom: Accelerating Economic growth with Rising inflation – Monetary Policy response: Hawkish
- Stagflation: Slowing Economic Growth with Rising Inflation – Monetary Policy response: Dilemma
- Disinflation boom: Accelerating Economic growth with Slowing Inflation – Monetary Policy response: Neutral
- Deflation Bust: : Slowing Economic Growth with Falling Inflation – Monetary Policy response: Dovish