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 2334.37 0 0.5 0.99888 46.4565 -0.93 4.11 4.25 0.04565
Sweden ETF EWD 47.21 1 1 1.75747 64.8236 -1.09 1.22 -0.88 0.24286
Swedish Krona US Dollar (SEK/USD) SEKUSD 8.69 -0.5 -1 -1.76041 34.7543 0.85 2.44 4.19 -0.13064
Sweden 10-Year Bond Yield SE.10Y 0.13 -1 0.75 1.01541 69.8808 -33.33 -63.07 -64.09 -0.86335
Sweden 2-year bond yield SE.2Y -0.31 0 -0.25 -0.94109 53.7125 0 4.03 -12.92 0.28105
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 Macro Model

 

Sweden News

Sweden Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
unemployment rate 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
foreign exchange reserves 488410 487691 0.00147429 -0.0699787 -1.0 -1.0 0.166667 2021-06-30
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 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
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 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
banks balance sheet 11528100 11461400 0.00581953 0.0334098 1.0 1.0 0.483333 2021-05-31
money supply m2 4420370 4376560 0.0100101 0.115176 1.0 1.0 0.766667 2021-05-31
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31

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 100.8 100.5 0.00298507 0.0850377 1.0 1.0 1 2021-03-31
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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Consumer sector 6.2 4.2 0.47619 -1.88571 1.0 1.0 0.216667 2021-04-01
Construction sector -11.2 -22 -0.490909 -0.374302 1.0 1.0 0.5 2021-04-01
Retail sector 24.7 3.5 6.05714 -2.91473 1.0 1.0 0.0166667 2021-04-01
Services sector 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 103.2 97.4 0.0595483 0.400271 1.0 1.0 1 2021-04-30
car registrations 37638 25713 0.463773 0.444393 1.0 1.0 0.916667 2021-06-30
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’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’s car registrations decreased to 27443.0 by -5.49% on November 2020 from 29037.0 in the previous Monthly. On a year on year basis Sweden’s car registrations decreased by -11.83%. Sweden’s car registrations trend is down since the current value of 27443.0 is lower than the 12 month moving average of 26382.2.Sweden’s Consumer – General economic situation (next 12 months) icnreased to -9.9 by 20938.0% on January 2021 from -3.2 in the previous . On a year on year basis Sweden’s Consumer – General economic situation (next 12 months) decreased by -6056.0%. Sweden’s Consumer – General economic situation (next 12 months) trend is down since the current value of -9.9 is lower than the 12 month moving average of -17.2167.Sweden’s Consumer – Financial situation (next 12 months) decreased to 10.5 by -1322.0% on January 2021 from 12.1 in the previous . On a year on year basis Sweden’s Consumer – Financial situation (next 12 months) decreased by -1026.0%. Sweden’s Consumer – Financial situation (next 12 months) trend is down since the current value of 10.5 is lower than the 12 month moving average of 11.2.Sweden’s Consumer – Price trends (next 12 months) decreased to 17.4 by -1386.0% on January 2021 from 20.2 in the previous . On a year on year basis Sweden’s Consumer – Price trends (next 12 months) decreased by -4579.0%. Sweden’s Consumer – Price trends (next 12 months) trend is down since the current value of 17.4 is lower than the 12 month moving average of 25.725.Sweden’s Consumer – Unemployment expectations (next 12 months) icnreased to 39.2 by 6132.0% on January 2021 from 24.3 in the previous . On a year on year basis Sweden’s Consumer – Unemployment expectations (next 12 months) increased by 2099.0%. Sweden’s Consumer – Unemployment expectations (next 12 months) trend is down since the current value of 39.2 is lower than the 12 month moving average of 36.1917.Sweden’s Consumer – Major purchases (next 12 months) icnreased to -10.2 by 737.0% on January 2021 from -9.5 in the previous . On a year on year basis Sweden’s Consumer – Major purchases (next 12 months) increased by 99.0%. Sweden’s Consumer – Major purchases (next 12 months) trend is down since the current value of -10.2 is lower than the 12 month moving average of -10.1083.Sweden’s Consumer – Savings (next 12 months) decreased to 47.6 by -480.0% on January 2021 from 50.0 in the previous . On a year on year basis Sweden’s Consumer – Savings (next 12 months) increased by 106.0%. Sweden’s Consumer – Savings (next 12 months) trend is down since the current value of 47.6 is lower than the 12 month moving average of 48.45.Sweden’s Consumer – Households Financial situation icnreased to 47.2 by 559.0% on January 2021 from 44.7 in the previous . On a year on year basis Sweden’s Consumer – Households Financial situation increased by 851.0%. Sweden’s Consumer – Households Financial situation trend is down since the current value of 47.2 is lower than the 12 month moving average of 44.2.

 

Sweden Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Manufacturing - Order Books 7 3.7 0.891892 -1.23333 1.0 1.0 0.383333 2021-04-01
Manufacturing - Selling Price expectations (next months) 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 24.2 27.1 -0.107011 -2.39884 1.0 1.0 0.183333 2021-05-31
industrial production mom 0.1 0.9 -0.888889 -0.956522 -1.0 -1.0 0.616667 2021-05-31
capacity utilization 89.4 88 0.0159091 -0.00886918 1.0 -1.0 0.333333 2021-01-01
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 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 Manufacturing – Order Books decreased to -13.4 by -3021.0% on January 2021 from -19.2 in the previous . On a year on year basis Sweden’s Manufacturing – Order Books increased by 229.0%. Sweden’s Manufacturing – Order Books trend is down since the current value of -13.4 is lower than the 12 month moving average of -23.3333.Sweden’s Manufacturing – Selling Price expectations (next months) icnreased to 7.9 by 972.0% on January 2021 from 7.2 in the previous . On a year on year basis Sweden’s Manufacturing – Selling Price expectations (next months) decreased by -47619.0%. Sweden’s Manufacturing – Selling Price expectations (next months) trend is down since the current value of 7.9 is lower than the 12 month moving average of -0.433333.Sweden’s Manufacturing – Production trend (recent months) decreased to 9.6 by -2993.0% on January 2021 from 13.7 in the previous . On a year on year basis Sweden’s Manufacturing – Production trend (recent months) decreased by -29592.0%. Sweden’s Manufacturing – Production trend (recent months) trend is down since the current value of 9.6 is lower than the 12 month moving average of -12.15.Sweden’s Manufacturing – Export Order Books decreased to -24.6 by -1773.0% on January 2021 from -29.9 in the previous . On a year on year basis Sweden’s Manufacturing – Export Order Books increased by 9070.0%. Sweden’s Manufacturing – Export Order Books trend is down since the current value of -24.6 is lower than the 12 month moving average of -29.5083.Sweden’s Manufacturing – Finished Products (Stock Levels) decreased to -3.2 by -32857.0% on January 2021 from 1.4 in the previous . On a year on year basis Sweden’s Manufacturing – Finished Products (Stock Levels) decreased by -12832.0%. Sweden’s Manufacturing – Finished Products (Stock Levels) trend is down since the current value of -3.2 is lower than the 12 month moving average of 7.525.Sweden’s Manufacturing – Production expectations (next months) icnreased to 19.7 by 479.0% on January 2021 from 18.8 in the previous . On a year on year basis Sweden’s Manufacturing – Production expectations (next months) increased by 47941.0%. Sweden’s Manufacturing – Production expectations (next months) trend is down since the current value of 19.7 is lower than the 12 month moving average of 2.98333.Sweden’s industrial production decreased to 0.2 by -108.33% on October 2020 from -2.4 in the previous Monthly. On a year on year basis Sweden’s industrial production decreased by -128.57%. Sweden’s industrial production trend is down since the current value of 0.2 is lower than the 12 month moving average of -4.50833.Sweden’s industrial production mom decreased to 1.2 by -185.71% on October 2020 from -1.4 in the previous Monthly. On a year on year basis Sweden’s industrial production mom decreased by -271.43%. Sweden’s industrial production mom trend is down since the current value of 1.2 is lower than the 12 month moving average of 0.233333.Sweden’s capacity utilization icnreased to 86.8 by 5.34% on July 2020 from 82.4 in the previous Quarterly. On a year on year basis Sweden’s capacity utilization decreased by -4.62%. Sweden’s capacity utilization trend is down since the current value of 86.8 is lower than the 12 month moving average of 89.5333.

 

Sweden Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Services sector 32.6 7.2 3.52778 -1.72606 1.0 1.0 0.116667 2021-04-01
Services - Demand Expectations (next 3 months) 48.2 20.6 1.33981 -1.89094 1.0 1.0 0.0666667 2021-04-01
Services - Prices expectations (next 3 months) 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’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 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’s Services – Demand Expectations (next 3 months) decreased to 0.5 by -9528.0% on January 2021 from 10.6 in the previous . On a year on year basis Sweden’s Services – Demand Expectations (next 3 months) decreased by -9711.0%. Sweden’s Services – Demand Expectations (next 3 months) trend is down since the current value of 0.5 is lower than the 12 month moving average of -4.025.Sweden’s Services – Prices expectations (next 3 months) icnreased to -5.5 by 4103.0% on January 2021 from -3.9 in the previous . On a year on year basis Sweden’s Services – Prices expectations (next 3 months) decreased by -17051.0%. Sweden’s Services – Prices expectations (next 3 months) trend is down since the current value of -5.5 is lower than the 12 month moving average of -4.29167.Sweden’s Services – Business activity (past 3 months) decreased to 0.7 by -10769.0% on January 2021 from -9.1 in the previous . On a year on year basis Sweden’s Services – Business activity (past 3 months) decreased by -9578.0%. Sweden’s Services – Business activity (past 3 months) trend is down since the current value of 0.7 is lower than the 12 month moving average of -15.575.Sweden’s Services – Demand (past 3 months) decreased to -7.2 by -4894.0% on January 2021 from -14.1 in the previous . On a year on year basis Sweden’s Services – Demand (past 3 months) decreased by -22857.0%. Sweden’s Services – Demand (past 3 months) trend is down since the current value of -7.2 is lower than the 12 month moving average of -20.725.Sweden’s Services – Employment (past 3 months) decreased to -28.8 by -464.0% on January 2021 from -30.2 in the previous . On a year on year basis Sweden’s Services – Employment (past 3 months) increased by 115217.0%. Sweden’s Services – Employment (past 3 months) trend is down since the current value of -28.8 is lower than the 12 month moving average of -26.2.Sweden’s Services – Employment (next 3 months) icnreased to -7.0 by 145.0% on January 2021 from -6.9 in the previous . On a year on year basis Sweden’s Services – Employment (next 3 months) decreased by -21111.0%. Sweden’s Services – Employment (next 3 months) trend is down since the current value of -7.0 is lower than the 12 month moving average of -14.7083.


Sweden Retail Sector

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Retail sector 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 10.3 7 0.471429 6.92308 1.0 1.0 0.983333 2021-05-31
retail sales MoM 2.3 -0.4 0 0.210526 1.0 1.0 0.733333 2021-05-31
  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 Retail – Orders Expectations (next 3 months) decreased to 1.4 by -7083.0% on January 2021 from 4.8 in the previous . On a year on year basis Sweden’s Retail – Orders Expectations (next 3 months) decreased by -9404.0%. Sweden’s Retail – Orders Expectations (next 3 months) trend is down since the current value of 1.4 is lower than the 12 month moving average of 4.95.Sweden’s Retail – Prices expectations (next 3 months) decreased to 13.2 by -3744.0% on January 2021 from 21.1 in the previous . On a year on year basis Sweden’s Retail – Prices expectations (next 3 months) decreased by -5093.0%. Sweden’s Retail – Prices expectations (next 3 months) trend is down since the current value of 13.2 is lower than the 12 month moving average of 18.3833.Sweden’s Retail – Business activity (past 3 months) decreased to 19.6 by -3050.0% on January 2021 from 28.2 in the previous . On a year on year basis Sweden’s Retail – Business activity (past 3 months) decreased by -2873.0%. Sweden’s Retail – Business activity (past 3 months) trend is down since the current value of 19.6 is lower than the 12 month moving average of 18.25.Sweden’s Retail – Stock Levels icnreased to 6.9 by 5333.0% on January 2021 from 4.5 in the previous . On a year on year basis Sweden’s Retail – Stock Levels decreased by -4773.0%. Sweden’s Retail – Stock Levels trend is down since the current value of 6.9 is lower than the 12 month moving average of 12.5.Sweden’s Retail – Business activity expectations (next 3 months) decreased to 6.3 by -6753.0% on January 2021 from 19.4 in the previous . On a year on year basis Sweden’s Retail – Business activity expectations (next 3 months) decreased by -8359.0%. Sweden’s Retail – Business activity expectations (next 3 months) trend is down since the current value of 6.3 is lower than the 12 month moving average of 17.8167.Sweden’s Retail – Employment expectations (next 3 months) icnreased to -9.8 by 4203.0% on January 2021 from -6.9 in the previous . On a year on year basis Sweden’s Retail – Employment expectations (next 3 months) decreased by -99091.0%. Sweden’s Retail – Employment expectations (next 3 months) trend is down since the current value of -9.8 is lower than the 12 month moving average of -8.16667.Sweden’s retail sales icnreased to 5.7 by 35.71% on November 2020 from 4.2 in the previous Monthly. On a year on year basis Sweden’s retail sales increased by 338.46%. Sweden’s retail sales trend is down since the current value of 5.7 is lower than the 12 month moving average of 2.58333.Sweden’s retail sales MoM decreased to 0.8 by -11.11% on November 2020 from 0.9 in the previous Monthly. On a year on year basis Sweden’s retail sales MoM decreased by -900.0%. Sweden’s retail sales MoM trend is down since the current value of 0.8 is lower than the 12 month moving average of 0.391667.

Sweden Construction Sector

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Construction sector -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 15.411 12.852 0.199113 0.127524 1.0 1.0 0.533333 2021-01-01
housing index 288.74 284.78 0.0139055 0.17906 1.0 1.0 0.983333 2021-05-31
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’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 Construction – Current Order Books decreased to -28.0 by -3000.0% on January 2021 from -40.0 in the previous . On a year on year basis Sweden’s Construction – Current Order Books decreased by -56667.0%. Sweden’s Construction – Current Order Books trend is down since the current value of -28.0 is lower than the 12 month moving average of -18.75.Sweden’s Construction – Prices over next 3 months decreased to -30.0 by -1892.0% on January 2021 from -37.0 in the previous . On a year on year basis Sweden’s Construction – Prices over next 3 months increased by 27500.0%. Sweden’s Construction – Prices over next 3 months trend is down since the current value of -30.0 is lower than the 12 month moving average of -29.3333.Sweden’s Construction – Employment over next 3 months decreased to -15.0 by -3750.0% on January 2021 from -24.0 in the previous . On a year on year basis Sweden’s Construction – Employment over next 3 months decreased by -17895.0%. Sweden’s Construction – Employment over next 3 months trend is down since the current value of -15.0 is lower than the 12 month moving average of -13.8333.Sweden’s housing starts decreased to 10.27 by -17.87% on May 2020 from 12.504 in the previous Quarterly. On a year on year basis Sweden’s housing starts decreased by -19.23%. Sweden’s housing starts trend is down since the current value of 10.27 is lower than the 12 month moving average of 12.3466.Sweden’s housing index icnreased to 262.26 by 0.17% on November 2020 from 261.81 in the previous Monthly. On a year on year basis Sweden’s housing index increased by 10.35%. Sweden’s housing index trend is down since the current value of 262.26 is lower than the 12 month moving average of 248.953.Sweden’s Construction – Building Activity (past 3 months) decreased to -30.0 by -909.0% on January 2021 from -33.0 in the previous . On a year on year basis Sweden’s Construction – Building Activity (past 3 months) increased by 140000.0%. Sweden’s Construction – Building Activity (past 3 months) trend is down since the current value of -30.0 is lower than the 12 month moving average of -19.4167.Sweden’s Construction – Factors Limiting (None) icnreased to 22.0 by 476.0% on January 2021 from 21.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (None) increased by 5714.0%. Sweden’s Construction – Factors Limiting (None) trend is down since the current value of 22.0 is lower than the 12 month moving average of 17.25.Sweden’s Construction – Factors Limiting (Insufficient Demand) decreased to 51.0 by -192.0% on January 2021 from 52.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Insufficient Demand) increased by 6452.0%. Sweden’s Construction – Factors Limiting (Insufficient Demand) trend is down since the current value of 51.0 is lower than the 12 month moving average of 42.9167.Sweden’s Construction – Factors Limiting (Weather) decreased to 1.0 by -5000.0% on January 2021 from 2.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Weather) decreased by -5000.0%. Sweden’s Construction – Factors Limiting (Weather) trend is down since the current value of 1.0 is lower than the 12 month moving average of 1.66667.Sweden’s Construction – Factors Limiting (Shortage of labour force) icnreased to 8.0 by 6000.0% on January 2021 from 5.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Shortage of labour force) decreased by -6667.0%. Sweden’s Construction – Factors Limiting (Shortage of labour force) trend is down since the current value of 8.0 is lower than the 12 month moving average of 12.0833.Sweden’s Construction – Factors Limiting (Shortage of material / equipment) On a year on year basis Sweden’s Construction – Factors Limiting (Shortage of material / equipment) decreased by -13333.0%. Sweden’s Construction – Factors Limiting (Shortage of material / equipment) trend is down since the current value of -1.0 is lower than the 12 month moving average of 0.333333.Sweden’s Construction – Factors Limiting (Other) decreased to 2.0 by -3333.0% on January 2021 from 3.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Other) decreased by -6000.0%. Sweden’s Construction – Factors Limiting (Other) trend is down since the current value of 2.0 is lower than the 12 month moving average of 6.5.Sweden’s Construction – Factors Limiting (Financial Constraints) decreased to 18.0 by -1000.0% on January 2021 from 20.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Financial Constraints) decreased by -1818.0%. Sweden’s Construction – Factors Limiting (Financial Constraints) trend is down since the current value of 18.0 is lower than the 12 month moving average of 20.5.


Sweden GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 1231840 1234810 -0.00240523 0.0650804 1.0 1.0 0.383333 2020-12-01
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
gdp 530.833 555.455 -0.0443276 0.0805695 -1.0 1.0 0 2019-01-31
gdp growth 0.8 7.5 -0.893333 3 1.0 1.0 0.95 2021-01-01
  Sweden’s Real GDP icnreased to 1221860.0 by 4.93% on September 2020 from 1164450.0 in the previous Quarterly. On a year on year basis Sweden’s Real GDP increased by 6.37%. Sweden’s Real GDP trend is down since the current value of 1221860.0 is lower than the 12 month moving average of 1201050.0.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 gdp decreased to 530.833 by -4.43% on January 2019 from 555.455 in the previous Yearly. On a year on year basis Sweden’s gdp increased by 8.06%. Sweden’s gdp trend is down since the current value of 530.833 is lower than the 12 month moving average of 532.792.Sweden’s gdp growth decreased to 4.9 by -161.25% on July 2020 from -8.0 in the previous Quarterly. On a year on year basis Sweden’s gdp growth increased by 444.44%. Sweden’s gdp growth trend is down since the current value of 4.9 is lower than the 12 month moving average of 0.00833333.

Sweden inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
core inflation rate 1.6 2.1 -0.238095 1.28571 1.0 1.0 0.966667 2021-06-30
consumer price index cpi 341.32 341.04 0.000821018 0.0133001 1.0 1.0 0.3 2021-06-30
Producer Price Index 118.7 117.3 0.0119352 0.0781108 1.0 1.0 0.883333 2021-05-31
PPI Index 7.9 5.6 0.410714 -3.07895 1.0 1.0 0.233333 2021-05-31
 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 core inflation rate decreased to 0.2 by -33.33% on October 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s core inflation rate decreased by -84.62%. Sweden’s core inflation rate trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.808333.Sweden’s consumer price index cpi icnreased to 337.0 by 0.01% on November 2020 from 336.97 in the previous Monthly. On a year on year basis Sweden’s consumer price index cpi increased by 0.19%. Sweden’s consumer price index cpi trend is down since the current value of 337.0 is lower than the 12 month moving average of 335.784.Sweden’s Producer Price Index icnreased to 109.9 by 0.18% on November 2020 from 109.7 in the previous Monthly. On a year on year basis Sweden’s Producer Price Index decreased by -4.35%. Sweden’s Producer Price Index trend is down since the current value of 109.9 is lower than the 12 month moving average of 110.758.Sweden’s PPI Index icnreased to -4.4 by 4.76% on October 2020 from -4.2 in the previous Monthly. On a year on year basis Sweden’s PPI Index decreased by -588.89%. Sweden’s PPI Index trend is down since the current value of -4.4 is lower than the 12 month moving average of -2.61667.


Sweden Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -3.1 0.6 -6.16667 -2.40909 -1.0 -1.0 0 2020-01-31
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31
 Sweden’s Government budget decreased to 40391.0 by -212.29% on November 2020 from -35969.0 in the previous Monthly. On a year on year basis Sweden’s Government budget increased by 59.68%. Sweden’s Government budget trend is down since the current value of 40391.0 is lower than the 12 month moving average of -16097.4.Sweden’s government revenues icnreased to 107952.0 by 38.92% on November 2020 from 77708.0 in the previous Monthly. On a year on year basis Sweden’s government revenues increased by 5.71%. Sweden’s government revenues trend is down since the current value of 107952.0 is lower than the 12 month moving average of 82396.2.Sweden’s fiscal expenditure decreased to 67561.0 by -40.57% on November 2020 from 113677.0 in the previous Monthly. On a year on year basis Sweden’s fiscal expenditure decreased by -12.06%. Sweden’s fiscal expenditure trend is down since the current value of 67561.0 is lower than the 12 month moving average of 98493.8.

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 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
banks balance sheet 11528100 11461400 0.00581953 0.0334098 1.0 1.0 0.483333 2021-05-31
money supply m0 61347 60989 0.00586991 -0.00662284 -1.0 -1.0 0.416667 2021-05-31
money supply m1 4099720 3865470 0.0606006 0.175106 1.0 1.0 0.9 2021-05-31
money supply m2 4420370 4376560 0.0100101 0.115176 1.0 1.0 0.766667 2021-05-31
money supply m3 4545730 4515910 0.00660332 0.112759 1.0 1.0 0.766667 2021-05-31
 Sweden’s interest rate Sweden’s interest rate trend is down since the current value of -0.25 is lower than the 12 month moving average of -0.25.Sweden’s central bank balance sheet icnreased to 1375330.0 by 1.4% on November 2020 from 1356300.0 in the previous Monthly. On a year on year basis Sweden’s central bank balance sheet increased by 47.82%. Sweden’s central bank balance sheet trend is down since the current value of 1375330.0 is lower than the 12 month moving average of 1162220.0.Sweden’s banks balance sheet icnreased to 10829800.0 by 0.09% on November 2020 from 10819600.0 in the previous Monthly. On a year on year basis Sweden’s banks balance sheet increased by 7.23%. Sweden’s banks balance sheet trend is down since the current value of 10829800.0 is lower than the 12 month moving average of 10881000.0.Sweden’s money supply m2 icnreased to 4194140.0 by 1.53% on November 2020 from 4131000.0 in the previous Monthly. On a year on year basis Sweden’s money supply m2 increased by 16.52%. Sweden’s money supply m2 trend is down since the current value of 4194140.0 is lower than the 12 month moving average of 3929980.0.


Sweden Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
EEI - Employment Composite 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 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
youth unemployment rate 25.8 27.3 -0.0549451 0 1.0 -1.0 0.45 2021-05-31
long term unemployment rate 1.2 1.1 0.0909091 0 1.0 -1.0 0.616667 2020-09-30
 Sweden’s EEI – Employment Composite icnreased to 93.9 by 11.0% on January 2021 from 93.8 in the previous . On a year on year basis Sweden’s EEI – Employment Composite decreased by -534.0%. Sweden’s EEI – Employment Composite trend is down since the current value of 93.9 is lower than the 12 month moving average of 90.7417.Sweden’s EEI – Employment Composite icnreased to 93.9 by 11.0% on January 2021 from 93.8 in the previous . On a year on year basis Sweden’s EEI – Employment Composite decreased by -534.0%. Sweden’s EEI – Employment Composite trend is down since the current value of 93.9 is lower than the 12 month moving average of 90.7417.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 youth unemployment rate decreased to 23.1 by -2.12% on November 2020 from 23.6 in the previous Monthly. On a year on year basis Sweden’s youth unemployment rate increased by 14.93%. Sweden’s youth unemployment rate trend is down since the current value of 23.1 is lower than the 12 month moving average of 23.925.Sweden’s long term unemployment rate icnreased to 0.012 by 9.09% on September 2020 from 0.011 in the previous Quarterly. Sweden’s long term unemployment rate trend is down since the current value of 0.012 is lower than the 12 month moving average of 0.0106667.


Sweden Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
current account to gdp 5.2 5.1 0.0196078 -0.333333 1.0 -1.0 0 2020-01-31
exports 130800 143900 -0.0910354 0.227017 1.0 1.0 1 2021-04-30
imports 129000 139800 -0.0772532 0.301715 1.0 1.0 1 2021-04-30
balance of trade 5100 1900 1.68421 3.63636 1.0 1.0 0.933333 2021-05-31
capital flows 45.8 -7.2 -7.36111 -0.688223 1.0 -1.0 0.6 2020-10-01
foreign direct investment 20.7 -6.9 -4 0.669355 -1.0 1.0 0.766667 2020-07-01
 Sweden’s current account icnreased to 67.4 by 8.19% on July 2020 from 62.3 in the previous Quarterly. On a year on year basis Sweden’s current account increased by 67.25%. Sweden’s current account trend is down since the current value of 67.4 is lower than the 12 month moving average of 50.6.Sweden’s current account to gdp icnreased to 3.9 by 129.41% on January 2019 from 1.7 in the previous Yearly. On a year on year basis Sweden’s current account to gdp decreased by -52.44%. Sweden’s current account to gdp trend is down since the current value of 3.9 is lower than the 12 month moving average of 4.75833.Sweden’s exports decreased to 128000.0 by -0.7% on November 2020 from 128900.0 in the previous Monthly. On a year on year basis Sweden’s exports decreased by -2.44%. Sweden’s exports trend is down since the current value of 128000.0 is lower than the 12 month moving average of 118692.0.Sweden’s imports icnreased to 126600.0 by 2.18% on November 2020 from 123900.0 in the previous Monthly. On a year on year basis Sweden’s imports decreased by -1.48%. Sweden’s imports trend is down since the current value of 126600.0 is lower than the 12 month moving average of 114258.0.Sweden’s balance of trade decreased to 1400.0 by -72.0% on November 2020 from 5000.0 in the previous Monthly. On a year on year basis Sweden’s balance of trade decreased by -46.15%. Sweden’s balance of trade trend is down since the current value of 1400.0 is lower than the 12 month moving average of 4425.0.Sweden’s capital flows icnreased to 87.6 by 60.15% on April 2020 from 54.7 in the previous Quarterly. On a year on year basis Sweden’s capital flows decreased by -43.56%. Sweden’s capital flows trend is down since the current value of 87.6 is lower than the 12 month moving average of 44.7083.Sweden’s foreign direct investment decreased to -12.5 by -106.11% on April 2020 from 204.7 in the previous Quarterly. On a year on year basis Sweden’s foreign direct investment decreased by -153.19%. Sweden’s foreign direct investment trend is down since the current value of -12.5 is lower than the 12 month moving average of 36.9167.


Sweden Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 488410 487691 0.00147429 -0.0699787 -1.0 -1.0 0.166667 2021-06-30
gold reserves 125.72 125.7 0.000159109 0 1.0 -1.0 0.8 2020-07-01
Sweden’s foreign exchange reserves decreased to 516964.0 by -3.99% on November 2020 from 538474.0 in the previous Monthly. On a year on year basis Sweden’s foreign exchange reserves decreased by -4.47%. Sweden’s foreign exchange reserves trend is down since the current value of 516964.0 is lower than the 12 month moving average of 524982.0.Sweden’s gold reserves icnreased to 125.72 by 0.02% on July 2020 from 125.7 in the previous Quarterly. Sweden’s gold reserves trend is down since the current value of 125.72 is lower than the 12 month moving average of 125.707.Sweden’s government debt decreased to 1136530.0 by -8.16% on November 2020 from 1237550.0 in the previous Monthly. On a year on year basis Sweden’s government debt increased by 8.18%. Sweden’s government debt trend is down since the current value of 1136530.0 is lower than the 12 month moving average of 1147040.0.Sweden’s government debt to gdp decreased to 35.1 by -9.54% on January 2019 from 38.8 in the previous Yearly. On a year on year basis Sweden’s government debt to gdp decreased by -10.46%. Sweden’s government debt to gdp trend is down since the current value of 35.1 is lower than the 12 month moving average of 40.0833.Sweden’s external debt icnreased to 8522.9 by 1.28% on May 2020 from 8415.2 in the previous Monthly. On a year on year basis Sweden’s external debt increased by 2.44%. Sweden’s external debt trend is down since the current value of 8522.9 is lower than the 12 month moving average of 8499.41.

 

Sweden Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
  Sweden’s government debt decreased to 1136530.0 by -8.16% on November 2020 from 1237550.0 in the previous Monthly. On a year on year basis Sweden’s government debt increased by 8.18%. Sweden’s government debt trend is down since the current value of 1136530.0 is lower than the 12 month moving average of 1147040.0.Sweden’s government debt to gdp decreased to 35.1 by -9.54% on January 2019 from 38.8 in the previous Yearly. On a year on year basis Sweden’s government debt to gdp decreased by -10.46%. Sweden’s government debt to gdp trend is down since the current value of 35.1 is lower than the 12 month moving average of 40.0833.Sweden’s external debt icnreased to 8522.9 by 1.28% on May 2020 from 8415.2 in the previous Monthly. On a year on year basis Sweden’s external debt increased by 2.44%. Sweden’s external debt trend is down since the current value of 8522.9 is lower than the 12 month moving average of 8499.41.

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 5.9 5.7 0.0350877 0.156863 1.0 1.0 1 2021-05-31
loans to private sector 1450370 1452330 -0.00134956 -0.0540304 -1.0 -1.0 0.0166667 2021-05-31
lending rate 0.1 0.1 0 -0.8 -1.0 -1.0 0.0333333 2020-09-30
 Sweden’s interbank rate icnreased to 0.017 by 9.62% on September 2019 from -0.067 in the previous Daily. On a year on year basis Sweden’s interbank rate decreased by -359.09%. Sweden’s interbank rate trend is down since the current value of 0.017 is lower than the 12 month moving average of -0.0195833.Sweden’s deposit interest rate decreased to -0.75 by -25.0% on December 2019 from -1.0 in the previous Monthly. On a year on year basis Sweden’s deposit interest rate decreased by -25.0%. Sweden’s deposit interest rate trend is down since the current value of -0.75 is lower than the 12 month moving average of -0.979167.Sweden’s loan growth icnreased to 5.3 by 1.92% on October 2020 from 5.2 in the previous Monthly. On a year on year basis Sweden’s loan growth increased by 6.0%. Sweden’s loan growth trend is down since the current value of 5.3 is lower than the 12 month moving average of 5.14167.Sweden’s loans to private sector icnreased to 1447640.0 by 0.44% on November 2020 from 1441290.0 in the previous Monthly. On a year on year basis Sweden’s loans to private sector increased by 0.11%. Sweden’s loans to private sector trend is down since the current value of 1447640.0 is lower than the 12 month moving average of 1478180.0.Sweden’s lending rate On a year on year basis Sweden’s lending rate decreased by -80.0%. Sweden’s lending rate trend is down since the current value of 0.1 is lower than the 12 month moving average of 0.3625.


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.
MacroVar Growth Inflation Model

  • 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
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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 2334.37 0 0.5 0.99888 46.4565 -0.93 4.11 4.25 0.04565
Sweden ETF EWD 47.21 1 1 1.75747 64.8236 -1.09 1.22 -0.88 0.24286
Swedish Krona US Dollar (SEK/USD) SEKUSD 8.69 -0.5 -1 -1.76041 34.7543 0.85 2.44 4.19 -0.13064
Sweden 10-Year Bond Yield SE.10Y 0.13 -1 0.75 1.01541 69.8808 -33.33 -63.07 -64.09 -0.86335
Sweden 2-year bond yield SE.2Y -0.31 0 -0.25 -0.94109 53.7125 0 4.03 -12.92 0.28105
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 Macro Model

 

Sweden News

Sweden Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
unemployment rate 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
foreign exchange reserves 488410 487691 0.00147429 -0.0699787 -1.0 -1.0 0.166667 2021-06-30
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 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
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 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
banks balance sheet 11528100 11461400 0.00581953 0.0334098 1.0 1.0 0.483333 2021-05-31
money supply m2 4420370 4376560 0.0100101 0.115176 1.0 1.0 0.766667 2021-05-31
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31

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 100.8 100.5 0.00298507 0.0850377 1.0 1.0 1 2021-03-31
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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Consumer sector 6.2 4.2 0.47619 -1.88571 1.0 1.0 0.216667 2021-04-01
Construction sector -11.2 -22 -0.490909 -0.374302 1.0 1.0 0.5 2021-04-01
Retail sector 24.7 3.5 6.05714 -2.91473 1.0 1.0 0.0166667 2021-04-01
Services sector 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 103.2 97.4 0.0595483 0.400271 1.0 1.0 1 2021-04-30
car registrations 37638 25713 0.463773 0.444393 1.0 1.0 0.916667 2021-06-30
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’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’s car registrations decreased to 27443.0 by -5.49% on November 2020 from 29037.0 in the previous Monthly. On a year on year basis Sweden’s car registrations decreased by -11.83%. Sweden’s car registrations trend is down since the current value of 27443.0 is lower than the 12 month moving average of 26382.2.Sweden’s Consumer – General economic situation (next 12 months) icnreased to -9.9 by 20938.0% on January 2021 from -3.2 in the previous . On a year on year basis Sweden’s Consumer – General economic situation (next 12 months) decreased by -6056.0%. Sweden’s Consumer – General economic situation (next 12 months) trend is down since the current value of -9.9 is lower than the 12 month moving average of -17.2167.Sweden’s Consumer – Financial situation (next 12 months) decreased to 10.5 by -1322.0% on January 2021 from 12.1 in the previous . On a year on year basis Sweden’s Consumer – Financial situation (next 12 months) decreased by -1026.0%. Sweden’s Consumer – Financial situation (next 12 months) trend is down since the current value of 10.5 is lower than the 12 month moving average of 11.2.Sweden’s Consumer – Price trends (next 12 months) decreased to 17.4 by -1386.0% on January 2021 from 20.2 in the previous . On a year on year basis Sweden’s Consumer – Price trends (next 12 months) decreased by -4579.0%. Sweden’s Consumer – Price trends (next 12 months) trend is down since the current value of 17.4 is lower than the 12 month moving average of 25.725.Sweden’s Consumer – Unemployment expectations (next 12 months) icnreased to 39.2 by 6132.0% on January 2021 from 24.3 in the previous . On a year on year basis Sweden’s Consumer – Unemployment expectations (next 12 months) increased by 2099.0%. Sweden’s Consumer – Unemployment expectations (next 12 months) trend is down since the current value of 39.2 is lower than the 12 month moving average of 36.1917.Sweden’s Consumer – Major purchases (next 12 months) icnreased to -10.2 by 737.0% on January 2021 from -9.5 in the previous . On a year on year basis Sweden’s Consumer – Major purchases (next 12 months) increased by 99.0%. Sweden’s Consumer – Major purchases (next 12 months) trend is down since the current value of -10.2 is lower than the 12 month moving average of -10.1083.Sweden’s Consumer – Savings (next 12 months) decreased to 47.6 by -480.0% on January 2021 from 50.0 in the previous . On a year on year basis Sweden’s Consumer – Savings (next 12 months) increased by 106.0%. Sweden’s Consumer – Savings (next 12 months) trend is down since the current value of 47.6 is lower than the 12 month moving average of 48.45.Sweden’s Consumer – Households Financial situation icnreased to 47.2 by 559.0% on January 2021 from 44.7 in the previous . On a year on year basis Sweden’s Consumer – Households Financial situation increased by 851.0%. Sweden’s Consumer – Households Financial situation trend is down since the current value of 47.2 is lower than the 12 month moving average of 44.2.

 

Sweden Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Manufacturing - Order Books 7 3.7 0.891892 -1.23333 1.0 1.0 0.383333 2021-04-01
Manufacturing - Selling Price expectations (next months) 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 24.2 27.1 -0.107011 -2.39884 1.0 1.0 0.183333 2021-05-31
industrial production mom 0.1 0.9 -0.888889 -0.956522 -1.0 -1.0 0.616667 2021-05-31
capacity utilization 89.4 88 0.0159091 -0.00886918 1.0 -1.0 0.333333 2021-01-01
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 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 Manufacturing – Order Books decreased to -13.4 by -3021.0% on January 2021 from -19.2 in the previous . On a year on year basis Sweden’s Manufacturing – Order Books increased by 229.0%. Sweden’s Manufacturing – Order Books trend is down since the current value of -13.4 is lower than the 12 month moving average of -23.3333.Sweden’s Manufacturing – Selling Price expectations (next months) icnreased to 7.9 by 972.0% on January 2021 from 7.2 in the previous . On a year on year basis Sweden’s Manufacturing – Selling Price expectations (next months) decreased by -47619.0%. Sweden’s Manufacturing – Selling Price expectations (next months) trend is down since the current value of 7.9 is lower than the 12 month moving average of -0.433333.Sweden’s Manufacturing – Production trend (recent months) decreased to 9.6 by -2993.0% on January 2021 from 13.7 in the previous . On a year on year basis Sweden’s Manufacturing – Production trend (recent months) decreased by -29592.0%. Sweden’s Manufacturing – Production trend (recent months) trend is down since the current value of 9.6 is lower than the 12 month moving average of -12.15.Sweden’s Manufacturing – Export Order Books decreased to -24.6 by -1773.0% on January 2021 from -29.9 in the previous . On a year on year basis Sweden’s Manufacturing – Export Order Books increased by 9070.0%. Sweden’s Manufacturing – Export Order Books trend is down since the current value of -24.6 is lower than the 12 month moving average of -29.5083.Sweden’s Manufacturing – Finished Products (Stock Levels) decreased to -3.2 by -32857.0% on January 2021 from 1.4 in the previous . On a year on year basis Sweden’s Manufacturing – Finished Products (Stock Levels) decreased by -12832.0%. Sweden’s Manufacturing – Finished Products (Stock Levels) trend is down since the current value of -3.2 is lower than the 12 month moving average of 7.525.Sweden’s Manufacturing – Production expectations (next months) icnreased to 19.7 by 479.0% on January 2021 from 18.8 in the previous . On a year on year basis Sweden’s Manufacturing – Production expectations (next months) increased by 47941.0%. Sweden’s Manufacturing – Production expectations (next months) trend is down since the current value of 19.7 is lower than the 12 month moving average of 2.98333.Sweden’s industrial production decreased to 0.2 by -108.33% on October 2020 from -2.4 in the previous Monthly. On a year on year basis Sweden’s industrial production decreased by -128.57%. Sweden’s industrial production trend is down since the current value of 0.2 is lower than the 12 month moving average of -4.50833.Sweden’s industrial production mom decreased to 1.2 by -185.71% on October 2020 from -1.4 in the previous Monthly. On a year on year basis Sweden’s industrial production mom decreased by -271.43%. Sweden’s industrial production mom trend is down since the current value of 1.2 is lower than the 12 month moving average of 0.233333.Sweden’s capacity utilization icnreased to 86.8 by 5.34% on July 2020 from 82.4 in the previous Quarterly. On a year on year basis Sweden’s capacity utilization decreased by -4.62%. Sweden’s capacity utilization trend is down since the current value of 86.8 is lower than the 12 month moving average of 89.5333.

 

Sweden Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Services sector 32.6 7.2 3.52778 -1.72606 1.0 1.0 0.116667 2021-04-01
Services - Demand Expectations (next 3 months) 48.2 20.6 1.33981 -1.89094 1.0 1.0 0.0666667 2021-04-01
Services - Prices expectations (next 3 months) 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’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 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’s Services – Demand Expectations (next 3 months) decreased to 0.5 by -9528.0% on January 2021 from 10.6 in the previous . On a year on year basis Sweden’s Services – Demand Expectations (next 3 months) decreased by -9711.0%. Sweden’s Services – Demand Expectations (next 3 months) trend is down since the current value of 0.5 is lower than the 12 month moving average of -4.025.Sweden’s Services – Prices expectations (next 3 months) icnreased to -5.5 by 4103.0% on January 2021 from -3.9 in the previous . On a year on year basis Sweden’s Services – Prices expectations (next 3 months) decreased by -17051.0%. Sweden’s Services – Prices expectations (next 3 months) trend is down since the current value of -5.5 is lower than the 12 month moving average of -4.29167.Sweden’s Services – Business activity (past 3 months) decreased to 0.7 by -10769.0% on January 2021 from -9.1 in the previous . On a year on year basis Sweden’s Services – Business activity (past 3 months) decreased by -9578.0%. Sweden’s Services – Business activity (past 3 months) trend is down since the current value of 0.7 is lower than the 12 month moving average of -15.575.Sweden’s Services – Demand (past 3 months) decreased to -7.2 by -4894.0% on January 2021 from -14.1 in the previous . On a year on year basis Sweden’s Services – Demand (past 3 months) decreased by -22857.0%. Sweden’s Services – Demand (past 3 months) trend is down since the current value of -7.2 is lower than the 12 month moving average of -20.725.Sweden’s Services – Employment (past 3 months) decreased to -28.8 by -464.0% on January 2021 from -30.2 in the previous . On a year on year basis Sweden’s Services – Employment (past 3 months) increased by 115217.0%. Sweden’s Services – Employment (past 3 months) trend is down since the current value of -28.8 is lower than the 12 month moving average of -26.2.Sweden’s Services – Employment (next 3 months) icnreased to -7.0 by 145.0% on January 2021 from -6.9 in the previous . On a year on year basis Sweden’s Services – Employment (next 3 months) decreased by -21111.0%. Sweden’s Services – Employment (next 3 months) trend is down since the current value of -7.0 is lower than the 12 month moving average of -14.7083.

Sweden Retail Sector

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Retail sector 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 10.3 7 0.471429 6.92308 1.0 1.0 0.983333 2021-05-31
retail sales MoM 2.3 -0.4 0 0.210526 1.0 1.0 0.733333 2021-05-31
  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 Retail – Orders Expectations (next 3 months) decreased to 1.4 by -7083.0% on January 2021 from 4.8 in the previous . On a year on year basis Sweden’s Retail – Orders Expectations (next 3 months) decreased by -9404.0%. Sweden’s Retail – Orders Expectations (next 3 months) trend is down since the current value of 1.4 is lower than the 12 month moving average of 4.95.Sweden’s Retail – Prices expectations (next 3 months) decreased to 13.2 by -3744.0% on January 2021 from 21.1 in the previous . On a year on year basis Sweden’s Retail – Prices expectations (next 3 months) decreased by -5093.0%. Sweden’s Retail – Prices expectations (next 3 months) trend is down since the current value of 13.2 is lower than the 12 month moving average of 18.3833.Sweden’s Retail – Business activity (past 3 months) decreased to 19.6 by -3050.0% on January 2021 from 28.2 in the previous . On a year on year basis Sweden’s Retail – Business activity (past 3 months) decreased by -2873.0%. Sweden’s Retail – Business activity (past 3 months) trend is down since the current value of 19.6 is lower than the 12 month moving average of 18.25.Sweden’s Retail – Stock Levels icnreased to 6.9 by 5333.0% on January 2021 from 4.5 in the previous . On a year on year basis Sweden’s Retail – Stock Levels decreased by -4773.0%. Sweden’s Retail – Stock Levels trend is down since the current value of 6.9 is lower than the 12 month moving average of 12.5.Sweden’s Retail – Business activity expectations (next 3 months) decreased to 6.3 by -6753.0% on January 2021 from 19.4 in the previous . On a year on year basis Sweden’s Retail – Business activity expectations (next 3 months) decreased by -8359.0%. Sweden’s Retail – Business activity expectations (next 3 months) trend is down since the current value of 6.3 is lower than the 12 month moving average of 17.8167.Sweden’s Retail – Employment expectations (next 3 months) icnreased to -9.8 by 4203.0% on January 2021 from -6.9 in the previous . On a year on year basis Sweden’s Retail – Employment expectations (next 3 months) decreased by -99091.0%. Sweden’s Retail – Employment expectations (next 3 months) trend is down since the current value of -9.8 is lower than the 12 month moving average of -8.16667.Sweden’s retail sales icnreased to 5.7 by 35.71% on November 2020 from 4.2 in the previous Monthly. On a year on year basis Sweden’s retail sales increased by 338.46%. Sweden’s retail sales trend is down since the current value of 5.7 is lower than the 12 month moving average of 2.58333.Sweden’s retail sales MoM decreased to 0.8 by -11.11% on November 2020 from 0.9 in the previous Monthly. On a year on year basis Sweden’s retail sales MoM decreased by -900.0%. Sweden’s retail sales MoM trend is down since the current value of 0.8 is lower than the 12 month moving average of 0.391667.

Sweden Construction Sector

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Construction sector -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 15.411 12.852 0.199113 0.127524 1.0 1.0 0.533333 2021-01-01
housing index 288.74 284.78 0.0139055 0.17906 1.0 1.0 0.983333 2021-05-31
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’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 Construction – Current Order Books decreased to -28.0 by -3000.0% on January 2021 from -40.0 in the previous . On a year on year basis Sweden’s Construction – Current Order Books decreased by -56667.0%. Sweden’s Construction – Current Order Books trend is down since the current value of -28.0 is lower than the 12 month moving average of -18.75.Sweden’s Construction – Prices over next 3 months decreased to -30.0 by -1892.0% on January 2021 from -37.0 in the previous . On a year on year basis Sweden’s Construction – Prices over next 3 months increased by 27500.0%. Sweden’s Construction – Prices over next 3 months trend is down since the current value of -30.0 is lower than the 12 month moving average of -29.3333.Sweden’s Construction – Employment over next 3 months decreased to -15.0 by -3750.0% on January 2021 from -24.0 in the previous . On a year on year basis Sweden’s Construction – Employment over next 3 months decreased by -17895.0%. Sweden’s Construction – Employment over next 3 months trend is down since the current value of -15.0 is lower than the 12 month moving average of -13.8333.Sweden’s housing starts decreased to 10.27 by -17.87% on May 2020 from 12.504 in the previous Quarterly. On a year on year basis Sweden’s housing starts decreased by -19.23%. Sweden’s housing starts trend is down since the current value of 10.27 is lower than the 12 month moving average of 12.3466.Sweden’s housing index icnreased to 262.26 by 0.17% on November 2020 from 261.81 in the previous Monthly. On a year on year basis Sweden’s housing index increased by 10.35%. Sweden’s housing index trend is down since the current value of 262.26 is lower than the 12 month moving average of 248.953.Sweden’s Construction – Building Activity (past 3 months) decreased to -30.0 by -909.0% on January 2021 from -33.0 in the previous . On a year on year basis Sweden’s Construction – Building Activity (past 3 months) increased by 140000.0%. Sweden’s Construction – Building Activity (past 3 months) trend is down since the current value of -30.0 is lower than the 12 month moving average of -19.4167.Sweden’s Construction – Factors Limiting (None) icnreased to 22.0 by 476.0% on January 2021 from 21.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (None) increased by 5714.0%. Sweden’s Construction – Factors Limiting (None) trend is down since the current value of 22.0 is lower than the 12 month moving average of 17.25.Sweden’s Construction – Factors Limiting (Insufficient Demand) decreased to 51.0 by -192.0% on January 2021 from 52.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Insufficient Demand) increased by 6452.0%. Sweden’s Construction – Factors Limiting (Insufficient Demand) trend is down since the current value of 51.0 is lower than the 12 month moving average of 42.9167.Sweden’s Construction – Factors Limiting (Weather) decreased to 1.0 by -5000.0% on January 2021 from 2.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Weather) decreased by -5000.0%. Sweden’s Construction – Factors Limiting (Weather) trend is down since the current value of 1.0 is lower than the 12 month moving average of 1.66667.Sweden’s Construction – Factors Limiting (Shortage of labour force) icnreased to 8.0 by 6000.0% on January 2021 from 5.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Shortage of labour force) decreased by -6667.0%. Sweden’s Construction – Factors Limiting (Shortage of labour force) trend is down since the current value of 8.0 is lower than the 12 month moving average of 12.0833.Sweden’s Construction – Factors Limiting (Shortage of material / equipment) On a year on year basis Sweden’s Construction – Factors Limiting (Shortage of material / equipment) decreased by -13333.0%. Sweden’s Construction – Factors Limiting (Shortage of material / equipment) trend is down since the current value of -1.0 is lower than the 12 month moving average of 0.333333.Sweden’s Construction – Factors Limiting (Other) decreased to 2.0 by -3333.0% on January 2021 from 3.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Other) decreased by -6000.0%. Sweden’s Construction – Factors Limiting (Other) trend is down since the current value of 2.0 is lower than the 12 month moving average of 6.5.Sweden’s Construction – Factors Limiting (Financial Constraints) decreased to 18.0 by -1000.0% on January 2021 from 20.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Financial Constraints) decreased by -1818.0%. Sweden’s Construction – Factors Limiting (Financial Constraints) trend is down since the current value of 18.0 is lower than the 12 month moving average of 20.5.

Sweden GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 1231840 1234810 -0.00240523 0.0650804 1.0 1.0 0.383333 2020-12-01
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
gdp 530.833 555.455 -0.0443276 0.0805695 -1.0 1.0 0 2019-01-31
gdp growth 0.8 7.5 -0.893333 3 1.0 1.0 0.95 2021-01-01
  Sweden’s Real GDP icnreased to 1221860.0 by 4.93% on September 2020 from 1164450.0 in the previous Quarterly. On a year on year basis Sweden’s Real GDP increased by 6.37%. Sweden’s Real GDP trend is down since the current value of 1221860.0 is lower than the 12 month moving average of 1201050.0.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 gdp decreased to 530.833 by -4.43% on January 2019 from 555.455 in the previous Yearly. On a year on year basis Sweden’s gdp increased by 8.06%. Sweden’s gdp trend is down since the current value of 530.833 is lower than the 12 month moving average of 532.792.Sweden’s gdp growth decreased to 4.9 by -161.25% on July 2020 from -8.0 in the previous Quarterly. On a year on year basis Sweden’s gdp growth increased by 444.44%. Sweden’s gdp growth trend is down since the current value of 4.9 is lower than the 12 month moving average of 0.00833333.

Sweden inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
core inflation rate 1.6 2.1 -0.238095 1.28571 1.0 1.0 0.966667 2021-06-30
consumer price index cpi 341.32 341.04 0.000821018 0.0133001 1.0 1.0 0.3 2021-06-30
Producer Price Index 118.7 117.3 0.0119352 0.0781108 1.0 1.0 0.883333 2021-05-31
PPI Index 7.9 5.6 0.410714 -3.07895 1.0 1.0 0.233333 2021-05-31
 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 core inflation rate decreased to 0.2 by -33.33% on October 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s core inflation rate decreased by -84.62%. Sweden’s core inflation rate trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.808333.Sweden’s consumer price index cpi icnreased to 337.0 by 0.01% on November 2020 from 336.97 in the previous Monthly. On a year on year basis Sweden’s consumer price index cpi increased by 0.19%. Sweden’s consumer price index cpi trend is down since the current value of 337.0 is lower than the 12 month moving average of 335.784.Sweden’s Producer Price Index icnreased to 109.9 by 0.18% on November 2020 from 109.7 in the previous Monthly. On a year on year basis Sweden’s Producer Price Index decreased by -4.35%. Sweden’s Producer Price Index trend is down since the current value of 109.9 is lower than the 12 month moving average of 110.758.Sweden’s PPI Index icnreased to -4.4 by 4.76% on October 2020 from -4.2 in the previous Monthly. On a year on year basis Sweden’s PPI Index decreased by -588.89%. Sweden’s PPI Index trend is down since the current value of -4.4 is lower than the 12 month moving average of -2.61667.

Sweden Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -3.1 0.6 -6.16667 -2.40909 -1.0 -1.0 0 2020-01-31
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31
 Sweden’s Government budget decreased to 40391.0 by -212.29% on November 2020 from -35969.0 in the previous Monthly. On a year on year basis Sweden’s Government budget increased by 59.68%. Sweden’s Government budget trend is down since the current value of 40391.0 is lower than the 12 month moving average of -16097.4.Sweden’s government revenues icnreased to 107952.0 by 38.92% on November 2020 from 77708.0 in the previous Monthly. On a year on year basis Sweden’s government revenues increased by 5.71%. Sweden’s government revenues trend is down since the current value of 107952.0 is lower than the 12 month moving average of 82396.2.Sweden’s fiscal expenditure decreased to 67561.0 by -40.57% on November 2020 from 113677.0 in the previous Monthly. On a year on year basis Sweden’s fiscal expenditure decreased by -12.06%. Sweden’s fiscal expenditure trend is down since the current value of 67561.0 is lower than the 12 month moving average of 98493.8.

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 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
banks balance sheet 11528100 11461400 0.00581953 0.0334098 1.0 1.0 0.483333 2021-05-31
money supply m0 61347 60989 0.00586991 -0.00662284 -1.0 -1.0 0.416667 2021-05-31
money supply m1 4099720 3865470 0.0606006 0.175106 1.0 1.0 0.9 2021-05-31
money supply m2 4420370 4376560 0.0100101 0.115176 1.0 1.0 0.766667 2021-05-31
money supply m3 4545730 4515910 0.00660332 0.112759 1.0 1.0 0.766667 2021-05-31
 Sweden’s interest rate Sweden’s interest rate trend is down since the current value of -0.25 is lower than the 12 month moving average of -0.25.Sweden’s central bank balance sheet icnreased to 1375330.0 by 1.4% on November 2020 from 1356300.0 in the previous Monthly. On a year on year basis Sweden’s central bank balance sheet increased by 47.82%. Sweden’s central bank balance sheet trend is down since the current value of 1375330.0 is lower than the 12 month moving average of 1162220.0.Sweden’s banks balance sheet icnreased to 10829800.0 by 0.09% on November 2020 from 10819600.0 in the previous Monthly. On a year on year basis Sweden’s banks balance sheet increased by 7.23%. Sweden’s banks balance sheet trend is down since the current value of 10829800.0 is lower than the 12 month moving average of 10881000.0.Sweden’s money supply m2 icnreased to 4194140.0 by 1.53% on November 2020 from 4131000.0 in the previous Monthly. On a year on year basis Sweden’s money supply m2 increased by 16.52%. Sweden’s money supply m2 trend is down since the current value of 4194140.0 is lower than the 12 month moving average of 3929980.0.

Sweden Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
EEI - Employment Composite 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 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
youth unemployment rate 25.8 27.3 -0.0549451 0 1.0 -1.0 0.45 2021-05-31
long term unemployment rate 1.2 1.1 0.0909091 0 1.0 -1.0 0.616667 2020-09-30
 Sweden’s EEI – Employment Composite icnreased to 93.9 by 11.0% on January 2021 from 93.8 in the previous . On a year on year basis Sweden’s EEI – Employment Composite decreased by -534.0%. Sweden’s EEI – Employment Composite trend is down since the current value of 93.9 is lower than the 12 month moving average of 90.7417.Sweden’s EEI – Employment Composite icnreased to 93.9 by 11.0% on January 2021 from 93.8 in the previous . On a year on year basis Sweden’s EEI – Employment Composite decreased by -534.0%. Sweden’s EEI – Employment Composite trend is down since the current value of 93.9 is lower than the 12 month moving average of 90.7417.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 youth unemployment rate decreased to 23.1 by -2.12% on November 2020 from 23.6 in the previous Monthly. On a year on year basis Sweden’s youth unemployment rate increased by 14.93%. Sweden’s youth unemployment rate trend is down since the current value of 23.1 is lower than the 12 month moving average of 23.925.Sweden’s long term unemployment rate icnreased to 0.012 by 9.09% on September 2020 from 0.011 in the previous Quarterly. Sweden’s long term unemployment rate trend is down since the current value of 0.012 is lower than the 12 month moving average of 0.0106667.

Sweden Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
current account to gdp 5.2 5.1 0.0196078 -0.333333 1.0 -1.0 0 2020-01-31
exports 130800 143900 -0.0910354 0.227017 1.0 1.0 1 2021-04-30
imports 129000 139800 -0.0772532 0.301715 1.0 1.0 1 2021-04-30
balance of trade 5100 1900 1.68421 3.63636 1.0 1.0 0.933333 2021-05-31
capital flows 45.8 -7.2 -7.36111 -0.688223 1.0 -1.0 0.6 2020-10-01
foreign direct investment 20.7 -6.9 -4 0.669355 -1.0 1.0 0.766667 2020-07-01
 Sweden’s current account icnreased to 67.4 by 8.19% on July 2020 from 62.3 in the previous Quarterly. On a year on year basis Sweden’s current account increased by 67.25%. Sweden’s current account trend is down since the current value of 67.4 is lower than the 12 month moving average of 50.6.Sweden’s current account to gdp icnreased to 3.9 by 129.41% on January 2019 from 1.7 in the previous Yearly. On a year on year basis Sweden’s current account to gdp decreased by -52.44%. Sweden’s current account to gdp trend is down since the current value of 3.9 is lower than the 12 month moving average of 4.75833.Sweden’s exports decreased to 128000.0 by -0.7% on November 2020 from 128900.0 in the previous Monthly. On a year on year basis Sweden’s exports decreased by -2.44%. Sweden’s exports trend is down since the current value of 128000.0 is lower than the 12 month moving average of 118692.0.Sweden’s imports icnreased to 126600.0 by 2.18% on November 2020 from 123900.0 in the previous Monthly. On a year on year basis Sweden’s imports decreased by -1.48%. Sweden’s imports trend is down since the current value of 126600.0 is lower than the 12 month moving average of 114258.0.Sweden’s balance of trade decreased to 1400.0 by -72.0% on November 2020 from 5000.0 in the previous Monthly. On a year on year basis Sweden’s balance of trade decreased by -46.15%. Sweden’s balance of trade trend is down since the current value of 1400.0 is lower than the 12 month moving average of 4425.0.Sweden’s capital flows icnreased to 87.6 by 60.15% on April 2020 from 54.7 in the previous Quarterly. On a year on year basis Sweden’s capital flows decreased by -43.56%. Sweden’s capital flows trend is down since the current value of 87.6 is lower than the 12 month moving average of 44.7083.Sweden’s foreign direct investment decreased to -12.5 by -106.11% on April 2020 from 204.7 in the previous Quarterly. On a year on year basis Sweden’s foreign direct investment decreased by -153.19%. Sweden’s foreign direct investment trend is down since the current value of -12.5 is lower than the 12 month moving average of 36.9167.

Sweden Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 488410 487691 0.00147429 -0.0699787 -1.0 -1.0 0.166667 2021-06-30
gold reserves 125.72 125.7 0.000159109 0 1.0 -1.0 0.8 2020-07-01
Sweden’s foreign exchange reserves decreased to 516964.0 by -3.99% on November 2020 from 538474.0 in the previous Monthly. On a year on year basis Sweden’s foreign exchange reserves decreased by -4.47%. Sweden’s foreign exchange reserves trend is down since the current value of 516964.0 is lower than the 12 month moving average of 524982.0.Sweden’s gold reserves icnreased to 125.72 by 0.02% on July 2020 from 125.7 in the previous Quarterly. Sweden’s gold reserves trend is down since the current value of 125.72 is lower than the 12 month moving average of 125.707.Sweden’s government debt decreased to 1136530.0 by -8.16% on November 2020 from 1237550.0 in the previous Monthly. On a year on year basis Sweden’s government debt increased by 8.18%. Sweden’s government debt trend is down since the current value of 1136530.0 is lower than the 12 month moving average of 1147040.0.Sweden’s government debt to gdp decreased to 35.1 by -9.54% on January 2019 from 38.8 in the previous Yearly. On a year on year basis Sweden’s government debt to gdp decreased by -10.46%. Sweden’s government debt to gdp trend is down since the current value of 35.1 is lower than the 12 month moving average of 40.0833.Sweden’s external debt icnreased to 8522.9 by 1.28% on May 2020 from 8415.2 in the previous Monthly. On a year on year basis Sweden’s external debt increased by 2.44%. Sweden’s external debt trend is down since the current value of 8522.9 is lower than the 12 month moving average of 8499.41.

 

Sweden Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
  Sweden’s government debt decreased to 1136530.0 by -8.16% on November 2020 from 1237550.0 in the previous Monthly. On a year on year basis Sweden’s government debt increased by 8.18%. Sweden’s government debt trend is down since the current value of 1136530.0 is lower than the 12 month moving average of 1147040.0.Sweden’s government debt to gdp decreased to 35.1 by -9.54% on January 2019 from 38.8 in the previous Yearly. On a year on year basis Sweden’s government debt to gdp decreased by -10.46%. Sweden’s government debt to gdp trend is down since the current value of 35.1 is lower than the 12 month moving average of 40.0833.Sweden’s external debt icnreased to 8522.9 by 1.28% on May 2020 from 8415.2 in the previous Monthly. On a year on year basis Sweden’s external debt increased by 2.44%. Sweden’s external debt trend is down since the current value of 8522.9 is lower than the 12 month moving average of 8499.41.

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 5.9 5.7 0.0350877 0.156863 1.0 1.0 1 2021-05-31
loans to private sector 1450370 1452330 -0.00134956 -0.0540304 -1.0 -1.0 0.0166667 2021-05-31
lending rate 0.1 0.1 0 -0.8 -1.0 -1.0 0.0333333 2020-09-30
 Sweden’s interbank rate icnreased to 0.017 by 9.62% on September 2019 from -0.067 in the previous Daily. On a year on year basis Sweden’s interbank rate decreased by -359.09%. Sweden’s interbank rate trend is down since the current value of 0.017 is lower than the 12 month moving average of -0.0195833.Sweden’s deposit interest rate decreased to -0.75 by -25.0% on December 2019 from -1.0 in the previous Monthly. On a year on year basis Sweden’s deposit interest rate decreased by -25.0%. Sweden’s deposit interest rate trend is down since the current value of -0.75 is lower than the 12 month moving average of -0.979167.Sweden’s loan growth icnreased to 5.3 by 1.92% on October 2020 from 5.2 in the previous Monthly. On a year on year basis Sweden’s loan growth increased by 6.0%. Sweden’s loan growth trend is down since the current value of 5.3 is lower than the 12 month moving average of 5.14167.Sweden’s loans to private sector icnreased to 1447640.0 by 0.44% on November 2020 from 1441290.0 in the previous Monthly. On a year on year basis Sweden’s loans to private sector increased by 0.11%. Sweden’s loans to private sector trend is down since the current value of 1447640.0 is lower than the 12 month moving average of 1478180.0.Sweden’s lending rate On a year on year basis Sweden’s lending rate decreased by -80.0%. Sweden’s lending rate trend is down since the current value of 0.1 is lower than the 12 month moving average of 0.3625.


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.
MacroVar Growth Inflation Model

  • 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
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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 2334.37 0 0.5 0.99888 46.4565 -0.93 4.11 4.25 0.04565
Sweden ETF EWD 47.21 1 1 1.75747 64.8236 -1.09 1.22 -0.88 0.24286
Swedish Krona US Dollar (SEK/USD) SEKUSD 8.69 -0.5 -1 -1.76041 34.7543 0.85 2.44 4.19 -0.13064
Sweden 10-Year Bond Yield SE.10Y 0.13 -1 0.75 1.01541 69.8808 -33.33 -63.07 -64.09 -0.86335
Sweden 2-year bond yield SE.2Y -0.31 0 -0.25 -0.94109 53.7125 0 4.03 -12.92 0.28105
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 Macro Model

 

Sweden News

Sweden Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
unemployment rate 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
foreign exchange reserves 488410 487691 0.00147429 -0.0699787 -1.0 -1.0 0.166667 2021-06-30
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 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
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 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
banks balance sheet 11528100 11461400 0.00581953 0.0334098 1.0 1.0 0.483333 2021-05-31
money supply m2 4420370 4376560 0.0100101 0.115176 1.0 1.0 0.766667 2021-05-31
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31

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 100.8 100.5 0.00298507 0.0850377 1.0 1.0 1 2021-03-31
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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Consumer sector 6.2 4.2 0.47619 -1.88571 1.0 1.0 0.216667 2021-04-01
Construction sector -11.2 -22 -0.490909 -0.374302 1.0 1.0 0.5 2021-04-01
Retail sector 24.7 3.5 6.05714 -2.91473 1.0 1.0 0.0166667 2021-04-01
Services sector 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 103.2 97.4 0.0595483 0.400271 1.0 1.0 1 2021-04-30
car registrations 37638 25713 0.463773 0.444393 1.0 1.0 0.916667 2021-06-30
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’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’s car registrations decreased to 27443.0 by -5.49% on November 2020 from 29037.0 in the previous Monthly. On a year on year basis Sweden’s car registrations decreased by -11.83%. Sweden’s car registrations trend is down since the current value of 27443.0 is lower than the 12 month moving average of 26382.2.Sweden’s Consumer – General economic situation (next 12 months) icnreased to -9.9 by 20938.0% on January 2021 from -3.2 in the previous . On a year on year basis Sweden’s Consumer – General economic situation (next 12 months) decreased by -6056.0%. Sweden’s Consumer – General economic situation (next 12 months) trend is down since the current value of -9.9 is lower than the 12 month moving average of -17.2167.Sweden’s Consumer – Financial situation (next 12 months) decreased to 10.5 by -1322.0% on January 2021 from 12.1 in the previous . On a year on year basis Sweden’s Consumer – Financial situation (next 12 months) decreased by -1026.0%. Sweden’s Consumer – Financial situation (next 12 months) trend is down since the current value of 10.5 is lower than the 12 month moving average of 11.2.Sweden’s Consumer – Price trends (next 12 months) decreased to 17.4 by -1386.0% on January 2021 from 20.2 in the previous . On a year on year basis Sweden’s Consumer – Price trends (next 12 months) decreased by -4579.0%. Sweden’s Consumer – Price trends (next 12 months) trend is down since the current value of 17.4 is lower than the 12 month moving average of 25.725.Sweden’s Consumer – Unemployment expectations (next 12 months) icnreased to 39.2 by 6132.0% on January 2021 from 24.3 in the previous . On a year on year basis Sweden’s Consumer – Unemployment expectations (next 12 months) increased by 2099.0%. Sweden’s Consumer – Unemployment expectations (next 12 months) trend is down since the current value of 39.2 is lower than the 12 month moving average of 36.1917.Sweden’s Consumer – Major purchases (next 12 months) icnreased to -10.2 by 737.0% on January 2021 from -9.5 in the previous . On a year on year basis Sweden’s Consumer – Major purchases (next 12 months) increased by 99.0%. Sweden’s Consumer – Major purchases (next 12 months) trend is down since the current value of -10.2 is lower than the 12 month moving average of -10.1083.Sweden’s Consumer – Savings (next 12 months) decreased to 47.6 by -480.0% on January 2021 from 50.0 in the previous . On a year on year basis Sweden’s Consumer – Savings (next 12 months) increased by 106.0%. Sweden’s Consumer – Savings (next 12 months) trend is down since the current value of 47.6 is lower than the 12 month moving average of 48.45.Sweden’s Consumer – Households Financial situation icnreased to 47.2 by 559.0% on January 2021 from 44.7 in the previous . On a year on year basis Sweden’s Consumer – Households Financial situation increased by 851.0%. Sweden’s Consumer – Households Financial situation trend is down since the current value of 47.2 is lower than the 12 month moving average of 44.2.

 

Sweden Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Manufacturing - Order Books 7 3.7 0.891892 -1.23333 1.0 1.0 0.383333 2021-04-01
Manufacturing - Selling Price expectations (next months) 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 24.2 27.1 -0.107011 -2.39884 1.0 1.0 0.183333 2021-05-31
industrial production mom 0.1 0.9 -0.888889 -0.956522 -1.0 -1.0 0.616667 2021-05-31
capacity utilization 89.4 88 0.0159091 -0.00886918 1.0 -1.0 0.333333 2021-01-01
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 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 Manufacturing – Order Books decreased to -13.4 by -3021.0% on January 2021 from -19.2 in the previous . On a year on year basis Sweden’s Manufacturing – Order Books increased by 229.0%. Sweden’s Manufacturing – Order Books trend is down since the current value of -13.4 is lower than the 12 month moving average of -23.3333.Sweden’s Manufacturing – Selling Price expectations (next months) icnreased to 7.9 by 972.0% on January 2021 from 7.2 in the previous . On a year on year basis Sweden’s Manufacturing – Selling Price expectations (next months) decreased by -47619.0%. Sweden’s Manufacturing – Selling Price expectations (next months) trend is down since the current value of 7.9 is lower than the 12 month moving average of -0.433333.Sweden’s Manufacturing – Production trend (recent months) decreased to 9.6 by -2993.0% on January 2021 from 13.7 in the previous . On a year on year basis Sweden’s Manufacturing – Production trend (recent months) decreased by -29592.0%. Sweden’s Manufacturing – Production trend (recent months) trend is down since the current value of 9.6 is lower than the 12 month moving average of -12.15.Sweden’s Manufacturing – Export Order Books decreased to -24.6 by -1773.0% on January 2021 from -29.9 in the previous . On a year on year basis Sweden’s Manufacturing – Export Order Books increased by 9070.0%. Sweden’s Manufacturing – Export Order Books trend is down since the current value of -24.6 is lower than the 12 month moving average of -29.5083.Sweden’s Manufacturing – Finished Products (Stock Levels) decreased to -3.2 by -32857.0% on January 2021 from 1.4 in the previous . On a year on year basis Sweden’s Manufacturing – Finished Products (Stock Levels) decreased by -12832.0%. Sweden’s Manufacturing – Finished Products (Stock Levels) trend is down since the current value of -3.2 is lower than the 12 month moving average of 7.525.Sweden’s Manufacturing – Production expectations (next months) icnreased to 19.7 by 479.0% on January 2021 from 18.8 in the previous . On a year on year basis Sweden’s Manufacturing – Production expectations (next months) increased by 47941.0%. Sweden’s Manufacturing – Production expectations (next months) trend is down since the current value of 19.7 is lower than the 12 month moving average of 2.98333.Sweden’s industrial production decreased to 0.2 by -108.33% on October 2020 from -2.4 in the previous Monthly. On a year on year basis Sweden’s industrial production decreased by -128.57%. Sweden’s industrial production trend is down since the current value of 0.2 is lower than the 12 month moving average of -4.50833.Sweden’s industrial production mom decreased to 1.2 by -185.71% on October 2020 from -1.4 in the previous Monthly. On a year on year basis Sweden’s industrial production mom decreased by -271.43%. Sweden’s industrial production mom trend is down since the current value of 1.2 is lower than the 12 month moving average of 0.233333.Sweden’s capacity utilization icnreased to 86.8 by 5.34% on July 2020 from 82.4 in the previous Quarterly. On a year on year basis Sweden’s capacity utilization decreased by -4.62%. Sweden’s capacity utilization trend is down since the current value of 86.8 is lower than the 12 month moving average of 89.5333.

 

Sweden Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Services sector 32.6 7.2 3.52778 -1.72606 1.0 1.0 0.116667 2021-04-01
Services - Demand Expectations (next 3 months) 48.2 20.6 1.33981 -1.89094 1.0 1.0 0.0666667 2021-04-01
Services - Prices expectations (next 3 months) 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’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 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’s Services – Demand Expectations (next 3 months) decreased to 0.5 by -9528.0% on January 2021 from 10.6 in the previous . On a year on year basis Sweden’s Services – Demand Expectations (next 3 months) decreased by -9711.0%. Sweden’s Services – Demand Expectations (next 3 months) trend is down since the current value of 0.5 is lower than the 12 month moving average of -4.025.Sweden’s Services – Prices expectations (next 3 months) icnreased to -5.5 by 4103.0% on January 2021 from -3.9 in the previous . On a year on year basis Sweden’s Services – Prices expectations (next 3 months) decreased by -17051.0%. Sweden’s Services – Prices expectations (next 3 months) trend is down since the current value of -5.5 is lower than the 12 month moving average of -4.29167.Sweden’s Services – Business activity (past 3 months) decreased to 0.7 by -10769.0% on January 2021 from -9.1 in the previous . On a year on year basis Sweden’s Services – Business activity (past 3 months) decreased by -9578.0%. Sweden’s Services – Business activity (past 3 months) trend is down since the current value of 0.7 is lower than the 12 month moving average of -15.575.Sweden’s Services – Demand (past 3 months) decreased to -7.2 by -4894.0% on January 2021 from -14.1 in the previous . On a year on year basis Sweden’s Services – Demand (past 3 months) decreased by -22857.0%. Sweden’s Services – Demand (past 3 months) trend is down since the current value of -7.2 is lower than the 12 month moving average of -20.725.Sweden’s Services – Employment (past 3 months) decreased to -28.8 by -464.0% on January 2021 from -30.2 in the previous . On a year on year basis Sweden’s Services – Employment (past 3 months) increased by 115217.0%. Sweden’s Services – Employment (past 3 months) trend is down since the current value of -28.8 is lower than the 12 month moving average of -26.2.Sweden’s Services – Employment (next 3 months) icnreased to -7.0 by 145.0% on January 2021 from -6.9 in the previous . On a year on year basis Sweden’s Services – Employment (next 3 months) decreased by -21111.0%. Sweden’s Services – Employment (next 3 months) trend is down since the current value of -7.0 is lower than the 12 month moving average of -14.7083.

Sweden Retail Sector

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Retail sector 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 10.3 7 0.471429 6.92308 1.0 1.0 0.983333 2021-05-31
retail sales MoM 2.3 -0.4 0 0.210526 1.0 1.0 0.733333 2021-05-31
  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 Retail – Orders Expectations (next 3 months) decreased to 1.4 by -7083.0% on January 2021 from 4.8 in the previous . On a year on year basis Sweden’s Retail – Orders Expectations (next 3 months) decreased by -9404.0%. Sweden’s Retail – Orders Expectations (next 3 months) trend is down since the current value of 1.4 is lower than the 12 month moving average of 4.95.Sweden’s Retail – Prices expectations (next 3 months) decreased to 13.2 by -3744.0% on January 2021 from 21.1 in the previous . On a year on year basis Sweden’s Retail – Prices expectations (next 3 months) decreased by -5093.0%. Sweden’s Retail – Prices expectations (next 3 months) trend is down since the current value of 13.2 is lower than the 12 month moving average of 18.3833.Sweden’s Retail – Business activity (past 3 months) decreased to 19.6 by -3050.0% on January 2021 from 28.2 in the previous . On a year on year basis Sweden’s Retail – Business activity (past 3 months) decreased by -2873.0%. Sweden’s Retail – Business activity (past 3 months) trend is down since the current value of 19.6 is lower than the 12 month moving average of 18.25.Sweden’s Retail – Stock Levels icnreased to 6.9 by 5333.0% on January 2021 from 4.5 in the previous . On a year on year basis Sweden’s Retail – Stock Levels decreased by -4773.0%. Sweden’s Retail – Stock Levels trend is down since the current value of 6.9 is lower than the 12 month moving average of 12.5.Sweden’s Retail – Business activity expectations (next 3 months) decreased to 6.3 by -6753.0% on January 2021 from 19.4 in the previous . On a year on year basis Sweden’s Retail – Business activity expectations (next 3 months) decreased by -8359.0%. Sweden’s Retail – Business activity expectations (next 3 months) trend is down since the current value of 6.3 is lower than the 12 month moving average of 17.8167.Sweden’s Retail – Employment expectations (next 3 months) icnreased to -9.8 by 4203.0% on January 2021 from -6.9 in the previous . On a year on year basis Sweden’s Retail – Employment expectations (next 3 months) decreased by -99091.0%. Sweden’s Retail – Employment expectations (next 3 months) trend is down since the current value of -9.8 is lower than the 12 month moving average of -8.16667.Sweden’s retail sales icnreased to 5.7 by 35.71% on November 2020 from 4.2 in the previous Monthly. On a year on year basis Sweden’s retail sales increased by 338.46%. Sweden’s retail sales trend is down since the current value of 5.7 is lower than the 12 month moving average of 2.58333.Sweden’s retail sales MoM decreased to 0.8 by -11.11% on November 2020 from 0.9 in the previous Monthly. On a year on year basis Sweden’s retail sales MoM decreased by -900.0%. Sweden’s retail sales MoM trend is down since the current value of 0.8 is lower than the 12 month moving average of 0.391667.

Sweden Construction Sector

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Construction sector -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 15.411 12.852 0.199113 0.127524 1.0 1.0 0.533333 2021-01-01
housing index 288.74 284.78 0.0139055 0.17906 1.0 1.0 0.983333 2021-05-31
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’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 Construction – Current Order Books decreased to -28.0 by -3000.0% on January 2021 from -40.0 in the previous . On a year on year basis Sweden’s Construction – Current Order Books decreased by -56667.0%. Sweden’s Construction – Current Order Books trend is down since the current value of -28.0 is lower than the 12 month moving average of -18.75.Sweden’s Construction – Prices over next 3 months decreased to -30.0 by -1892.0% on January 2021 from -37.0 in the previous . On a year on year basis Sweden’s Construction – Prices over next 3 months increased by 27500.0%. Sweden’s Construction – Prices over next 3 months trend is down since the current value of -30.0 is lower than the 12 month moving average of -29.3333.Sweden’s Construction – Employment over next 3 months decreased to -15.0 by -3750.0% on January 2021 from -24.0 in the previous . On a year on year basis Sweden’s Construction – Employment over next 3 months decreased by -17895.0%. Sweden’s Construction – Employment over next 3 months trend is down since the current value of -15.0 is lower than the 12 month moving average of -13.8333.Sweden’s housing starts decreased to 10.27 by -17.87% on May 2020 from 12.504 in the previous Quarterly. On a year on year basis Sweden’s housing starts decreased by -19.23%. Sweden’s housing starts trend is down since the current value of 10.27 is lower than the 12 month moving average of 12.3466.Sweden’s housing index icnreased to 262.26 by 0.17% on November 2020 from 261.81 in the previous Monthly. On a year on year basis Sweden’s housing index increased by 10.35%. Sweden’s housing index trend is down since the current value of 262.26 is lower than the 12 month moving average of 248.953.Sweden’s Construction – Building Activity (past 3 months) decreased to -30.0 by -909.0% on January 2021 from -33.0 in the previous . On a year on year basis Sweden’s Construction – Building Activity (past 3 months) increased by 140000.0%. Sweden’s Construction – Building Activity (past 3 months) trend is down since the current value of -30.0 is lower than the 12 month moving average of -19.4167.Sweden’s Construction – Factors Limiting (None) icnreased to 22.0 by 476.0% on January 2021 from 21.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (None) increased by 5714.0%. Sweden’s Construction – Factors Limiting (None) trend is down since the current value of 22.0 is lower than the 12 month moving average of 17.25.Sweden’s Construction – Factors Limiting (Insufficient Demand) decreased to 51.0 by -192.0% on January 2021 from 52.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Insufficient Demand) increased by 6452.0%. Sweden’s Construction – Factors Limiting (Insufficient Demand) trend is down since the current value of 51.0 is lower than the 12 month moving average of 42.9167.Sweden’s Construction – Factors Limiting (Weather) decreased to 1.0 by -5000.0% on January 2021 from 2.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Weather) decreased by -5000.0%. Sweden’s Construction – Factors Limiting (Weather) trend is down since the current value of 1.0 is lower than the 12 month moving average of 1.66667.Sweden’s Construction – Factors Limiting (Shortage of labour force) icnreased to 8.0 by 6000.0% on January 2021 from 5.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Shortage of labour force) decreased by -6667.0%. Sweden’s Construction – Factors Limiting (Shortage of labour force) trend is down since the current value of 8.0 is lower than the 12 month moving average of 12.0833.Sweden’s Construction – Factors Limiting (Shortage of material / equipment) On a year on year basis Sweden’s Construction – Factors Limiting (Shortage of material / equipment) decreased by -13333.0%. Sweden’s Construction – Factors Limiting (Shortage of material / equipment) trend is down since the current value of -1.0 is lower than the 12 month moving average of 0.333333.Sweden’s Construction – Factors Limiting (Other) decreased to 2.0 by -3333.0% on January 2021 from 3.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Other) decreased by -6000.0%. Sweden’s Construction – Factors Limiting (Other) trend is down since the current value of 2.0 is lower than the 12 month moving average of 6.5.Sweden’s Construction – Factors Limiting (Financial Constraints) decreased to 18.0 by -1000.0% on January 2021 from 20.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Financial Constraints) decreased by -1818.0%. Sweden’s Construction – Factors Limiting (Financial Constraints) trend is down since the current value of 18.0 is lower than the 12 month moving average of 20.5.

Sweden GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 1231840 1234810 -0.00240523 0.0650804 1.0 1.0 0.383333 2020-12-01
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
gdp 530.833 555.455 -0.0443276 0.0805695 -1.0 1.0 0 2019-01-31
gdp growth 0.8 7.5 -0.893333 3 1.0 1.0 0.95 2021-01-01
  Sweden’s Real GDP icnreased to 1221860.0 by 4.93% on September 2020 from 1164450.0 in the previous Quarterly. On a year on year basis Sweden’s Real GDP increased by 6.37%. Sweden’s Real GDP trend is down since the current value of 1221860.0 is lower than the 12 month moving average of 1201050.0.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 gdp decreased to 530.833 by -4.43% on January 2019 from 555.455 in the previous Yearly. On a year on year basis Sweden’s gdp increased by 8.06%. Sweden’s gdp trend is down since the current value of 530.833 is lower than the 12 month moving average of 532.792.Sweden’s gdp growth decreased to 4.9 by -161.25% on July 2020 from -8.0 in the previous Quarterly. On a year on year basis Sweden’s gdp growth increased by 444.44%. Sweden’s gdp growth trend is down since the current value of 4.9 is lower than the 12 month moving average of 0.00833333.

Sweden inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
core inflation rate 1.6 2.1 -0.238095 1.28571 1.0 1.0 0.966667 2021-06-30
consumer price index cpi 341.32 341.04 0.000821018 0.0133001 1.0 1.0 0.3 2021-06-30
Producer Price Index 118.7 117.3 0.0119352 0.0781108 1.0 1.0 0.883333 2021-05-31
PPI Index 7.9 5.6 0.410714 -3.07895 1.0 1.0 0.233333 2021-05-31
 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 core inflation rate decreased to 0.2 by -33.33% on October 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s core inflation rate decreased by -84.62%. Sweden’s core inflation rate trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.808333.Sweden’s consumer price index cpi icnreased to 337.0 by 0.01% on November 2020 from 336.97 in the previous Monthly. On a year on year basis Sweden’s consumer price index cpi increased by 0.19%. Sweden’s consumer price index cpi trend is down since the current value of 337.0 is lower than the 12 month moving average of 335.784.Sweden’s Producer Price Index icnreased to 109.9 by 0.18% on November 2020 from 109.7 in the previous Monthly. On a year on year basis Sweden’s Producer Price Index decreased by -4.35%. Sweden’s Producer Price Index trend is down since the current value of 109.9 is lower than the 12 month moving average of 110.758.Sweden’s PPI Index icnreased to -4.4 by 4.76% on October 2020 from -4.2 in the previous Monthly. On a year on year basis Sweden’s PPI Index decreased by -588.89%. Sweden’s PPI Index trend is down since the current value of -4.4 is lower than the 12 month moving average of -2.61667.

Sweden Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -3.1 0.6 -6.16667 -2.40909 -1.0 -1.0 0 2020-01-31
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31
 Sweden’s Government budget decreased to 40391.0 by -212.29% on November 2020 from -35969.0 in the previous Monthly. On a year on year basis Sweden’s Government budget increased by 59.68%. Sweden’s Government budget trend is down since the current value of 40391.0 is lower than the 12 month moving average of -16097.4.Sweden’s government revenues icnreased to 107952.0 by 38.92% on November 2020 from 77708.0 in the previous Monthly. On a year on year basis Sweden’s government revenues increased by 5.71%. Sweden’s government revenues trend is down since the current value of 107952.0 is lower than the 12 month moving average of 82396.2.Sweden’s fiscal expenditure decreased to 67561.0 by -40.57% on November 2020 from 113677.0 in the previous Monthly. On a year on year basis Sweden’s fiscal expenditure decreased by -12.06%. Sweden’s fiscal expenditure trend is down since the current value of 67561.0 is lower than the 12 month moving average of 98493.8.

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 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
banks balance sheet 11528100 11461400 0.00581953 0.0334098 1.0 1.0 0.483333 2021-05-31
money supply m0 61347 60989 0.00586991 -0.00662284 -1.0 -1.0 0.416667 2021-05-31
money supply m1 4099720 3865470 0.0606006 0.175106 1.0 1.0 0.9 2021-05-31
money supply m2 4420370 4376560 0.0100101 0.115176 1.0 1.0 0.766667 2021-05-31
money supply m3 4545730 4515910 0.00660332 0.112759 1.0 1.0 0.766667 2021-05-31
 Sweden’s interest rate Sweden’s interest rate trend is down since the current value of -0.25 is lower than the 12 month moving average of -0.25.Sweden’s central bank balance sheet icnreased to 1375330.0 by 1.4% on November 2020 from 1356300.0 in the previous Monthly. On a year on year basis Sweden’s central bank balance sheet increased by 47.82%. Sweden’s central bank balance sheet trend is down since the current value of 1375330.0 is lower than the 12 month moving average of 1162220.0.Sweden’s banks balance sheet icnreased to 10829800.0 by 0.09% on November 2020 from 10819600.0 in the previous Monthly. On a year on year basis Sweden’s banks balance sheet increased by 7.23%. Sweden’s banks balance sheet trend is down since the current value of 10829800.0 is lower than the 12 month moving average of 10881000.0.Sweden’s money supply m2 icnreased to 4194140.0 by 1.53% on November 2020 from 4131000.0 in the previous Monthly. On a year on year basis Sweden’s money supply m2 increased by 16.52%. Sweden’s money supply m2 trend is down since the current value of 4194140.0 is lower than the 12 month moving average of 3929980.0.

Sweden Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
EEI - Employment Composite 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 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
youth unemployment rate 25.8 27.3 -0.0549451 0 1.0 -1.0 0.45 2021-05-31
long term unemployment rate 1.2 1.1 0.0909091 0 1.0 -1.0 0.616667 2020-09-30
 Sweden’s EEI – Employment Composite icnreased to 93.9 by 11.0% on January 2021 from 93.8 in the previous . On a year on year basis Sweden’s EEI – Employment Composite decreased by -534.0%. Sweden’s EEI – Employment Composite trend is down since the current value of 93.9 is lower than the 12 month moving average of 90.7417.Sweden’s EEI – Employment Composite icnreased to 93.9 by 11.0% on January 2021 from 93.8 in the previous . On a year on year basis Sweden’s EEI – Employment Composite decreased by -534.0%. Sweden’s EEI – Employment Composite trend is down since the current value of 93.9 is lower than the 12 month moving average of 90.7417.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 youth unemployment rate decreased to 23.1 by -2.12% on November 2020 from 23.6 in the previous Monthly. On a year on year basis Sweden’s youth unemployment rate increased by 14.93%. Sweden’s youth unemployment rate trend is down since the current value of 23.1 is lower than the 12 month moving average of 23.925.Sweden’s long term unemployment rate icnreased to 0.012 by 9.09% on September 2020 from 0.011 in the previous Quarterly. Sweden’s long term unemployment rate trend is down since the current value of 0.012 is lower than the 12 month moving average of 0.0106667.

Sweden Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
current account to gdp 5.2 5.1 0.0196078 -0.333333 1.0 -1.0 0 2020-01-31
exports 130800 143900 -0.0910354 0.227017 1.0 1.0 1 2021-04-30
imports 129000 139800 -0.0772532 0.301715 1.0 1.0 1 2021-04-30
balance of trade 5100 1900 1.68421 3.63636 1.0 1.0 0.933333 2021-05-31
capital flows 45.8 -7.2 -7.36111 -0.688223 1.0 -1.0 0.6 2020-10-01
foreign direct investment 20.7 -6.9 -4 0.669355 -1.0 1.0 0.766667 2020-07-01
 Sweden’s current account icnreased to 67.4 by 8.19% on July 2020 from 62.3 in the previous Quarterly. On a year on year basis Sweden’s current account increased by 67.25%. Sweden’s current account trend is down since the current value of 67.4 is lower than the 12 month moving average of 50.6.Sweden’s current account to gdp icnreased to 3.9 by 129.41% on January 2019 from 1.7 in the previous Yearly. On a year on year basis Sweden’s current account to gdp decreased by -52.44%. Sweden’s current account to gdp trend is down since the current value of 3.9 is lower than the 12 month moving average of 4.75833.Sweden’s exports decreased to 128000.0 by -0.7% on November 2020 from 128900.0 in the previous Monthly. On a year on year basis Sweden’s exports decreased by -2.44%. Sweden’s exports trend is down since the current value of 128000.0 is lower than the 12 month moving average of 118692.0.Sweden’s imports icnreased to 126600.0 by 2.18% on November 2020 from 123900.0 in the previous Monthly. On a year on year basis Sweden’s imports decreased by -1.48%. Sweden’s imports trend is down since the current value of 126600.0 is lower than the 12 month moving average of 114258.0.Sweden’s balance of trade decreased to 1400.0 by -72.0% on November 2020 from 5000.0 in the previous Monthly. On a year on year basis Sweden’s balance of trade decreased by -46.15%. Sweden’s balance of trade trend is down since the current value of 1400.0 is lower than the 12 month moving average of 4425.0.Sweden’s capital flows icnreased to 87.6 by 60.15% on April 2020 from 54.7 in the previous Quarterly. On a year on year basis Sweden’s capital flows decreased by -43.56%. Sweden’s capital flows trend is down since the current value of 87.6 is lower than the 12 month moving average of 44.7083.Sweden’s foreign direct investment decreased to -12.5 by -106.11% on April 2020 from 204.7 in the previous Quarterly. On a year on year basis Sweden’s foreign direct investment decreased by -153.19%. Sweden’s foreign direct investment trend is down since the current value of -12.5 is lower than the 12 month moving average of 36.9167.

Sweden Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 488410 487691 0.00147429 -0.0699787 -1.0 -1.0 0.166667 2021-06-30
gold reserves 125.72 125.7 0.000159109 0 1.0 -1.0 0.8 2020-07-01
Sweden’s foreign exchange reserves decreased to 516964.0 by -3.99% on November 2020 from 538474.0 in the previous Monthly. On a year on year basis Sweden’s foreign exchange reserves decreased by -4.47%. Sweden’s foreign exchange reserves trend is down since the current value of 516964.0 is lower than the 12 month moving average of 524982.0.Sweden’s gold reserves icnreased to 125.72 by 0.02% on July 2020 from 125.7 in the previous Quarterly. Sweden’s gold reserves trend is down since the current value of 125.72 is lower than the 12 month moving average of 125.707.Sweden’s government debt decreased to 1136530.0 by -8.16% on November 2020 from 1237550.0 in the previous Monthly. On a year on year basis Sweden’s government debt increased by 8.18%. Sweden’s government debt trend is down since the current value of 1136530.0 is lower than the 12 month moving average of 1147040.0.Sweden’s government debt to gdp decreased to 35.1 by -9.54% on January 2019 from 38.8 in the previous Yearly. On a year on year basis Sweden’s government debt to gdp decreased by -10.46%. Sweden’s government debt to gdp trend is down since the current value of 35.1 is lower than the 12 month moving average of 40.0833.Sweden’s external debt icnreased to 8522.9 by 1.28% on May 2020 from 8415.2 in the previous Monthly. On a year on year basis Sweden’s external debt increased by 2.44%. Sweden’s external debt trend is down since the current value of 8522.9 is lower than the 12 month moving average of 8499.41.

 

Sweden Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
  Sweden’s government debt decreased to 1136530.0 by -8.16% on November 2020 from 1237550.0 in the previous Monthly. On a year on year basis Sweden’s government debt increased by 8.18%. Sweden’s government debt trend is down since the current value of 1136530.0 is lower than the 12 month moving average of 1147040.0.Sweden’s government debt to gdp decreased to 35.1 by -9.54% on January 2019 from 38.8 in the previous Yearly. On a year on year basis Sweden’s government debt to gdp decreased by -10.46%. Sweden’s government debt to gdp trend is down since the current value of 35.1 is lower than the 12 month moving average of 40.0833.Sweden’s external debt icnreased to 8522.9 by 1.28% on May 2020 from 8415.2 in the previous Monthly. On a year on year basis Sweden’s external debt increased by 2.44%. Sweden’s external debt trend is down since the current value of 8522.9 is lower than the 12 month moving average of 8499.41.

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 5.9 5.7 0.0350877 0.156863 1.0 1.0 1 2021-05-31
loans to private sector 1450370 1452330 -0.00134956 -0.0540304 -1.0 -1.0 0.0166667 2021-05-31
lending rate 0.1 0.1 0 -0.8 -1.0 -1.0 0.0333333 2020-09-30
 Sweden’s interbank rate icnreased to 0.017 by 9.62% on September 2019 from -0.067 in the previous Daily. On a year on year basis Sweden’s interbank rate decreased by -359.09%. Sweden’s interbank rate trend is down since the current value of 0.017 is lower than the 12 month moving average of -0.0195833.Sweden’s deposit interest rate decreased to -0.75 by -25.0% on December 2019 from -1.0 in the previous Monthly. On a year on year basis Sweden’s deposit interest rate decreased by -25.0%. Sweden’s deposit interest rate trend is down since the current value of -0.75 is lower than the 12 month moving average of -0.979167.Sweden’s loan growth icnreased to 5.3 by 1.92% on October 2020 from 5.2 in the previous Monthly. On a year on year basis Sweden’s loan growth increased by 6.0%. Sweden’s loan growth trend is down since the current value of 5.3 is lower than the 12 month moving average of 5.14167.Sweden’s loans to private sector icnreased to 1447640.0 by 0.44% on November 2020 from 1441290.0 in the previous Monthly. On a year on year basis Sweden’s loans to private sector increased by 0.11%. Sweden’s loans to private sector trend is down since the current value of 1447640.0 is lower than the 12 month moving average of 1478180.0.Sweden’s lending rate On a year on year basis Sweden’s lending rate decreased by -80.0%. Sweden’s lending rate trend is down since the current value of 0.1 is lower than the 12 month moving average of 0.3625.


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.
MacroVar Growth Inflation Model

  • 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
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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 2334.37 0 0.5 0.99888 46.4565 -0.93 4.11 4.25 0.04565
Sweden ETF EWD 47.21 1 1 1.75747 64.8236 -1.09 1.22 -0.88 0.24286
Swedish Krona US Dollar (SEK/USD) SEKUSD 8.69 -0.5 -1 -1.76041 34.7543 0.85 2.44 4.19 -0.13064
Sweden 10-Year Bond Yield SE.10Y 0.13 -1 0.75 1.01541 69.8808 -33.33 -63.07 -64.09 -0.86335
Sweden 2-year bond yield SE.2Y -0.31 0 -0.25 -0.94109 53.7125 0 4.03 -12.92 0.28105
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 Macro Model

 

Sweden News

Sweden Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
unemployment rate 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
foreign exchange reserves 488410 487691 0.00147429 -0.0699787 -1.0 -1.0 0.166667 2021-06-30
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 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
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 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
banks balance sheet 11528100 11461400 0.00581953 0.0334098 1.0 1.0 0.483333 2021-05-31
money supply m2 4420370 4376560 0.0100101 0.115176 1.0 1.0 0.766667 2021-05-31
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31

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 100.8 100.5 0.00298507 0.0850377 1.0 1.0 1 2021-03-31
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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Consumer sector 6.2 4.2 0.47619 -1.88571 1.0 1.0 0.216667 2021-04-01
Construction sector -11.2 -22 -0.490909 -0.374302 1.0 1.0 0.5 2021-04-01
Retail sector 24.7 3.5 6.05714 -2.91473 1.0 1.0 0.0166667 2021-04-01
Services sector 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 103.2 97.4 0.0595483 0.400271 1.0 1.0 1 2021-04-30
car registrations 37638 25713 0.463773 0.444393 1.0 1.0 0.916667 2021-06-30
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’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’s car registrations decreased to 27443.0 by -5.49% on November 2020 from 29037.0 in the previous Monthly. On a year on year basis Sweden’s car registrations decreased by -11.83%. Sweden’s car registrations trend is down since the current value of 27443.0 is lower than the 12 month moving average of 26382.2.Sweden’s Consumer – General economic situation (next 12 months) icnreased to -9.9 by 20938.0% on January 2021 from -3.2 in the previous . On a year on year basis Sweden’s Consumer – General economic situation (next 12 months) decreased by -6056.0%. Sweden’s Consumer – General economic situation (next 12 months) trend is down since the current value of -9.9 is lower than the 12 month moving average of -17.2167.Sweden’s Consumer – Financial situation (next 12 months) decreased to 10.5 by -1322.0% on January 2021 from 12.1 in the previous . On a year on year basis Sweden’s Consumer – Financial situation (next 12 months) decreased by -1026.0%. Sweden’s Consumer – Financial situation (next 12 months) trend is down since the current value of 10.5 is lower than the 12 month moving average of 11.2.Sweden’s Consumer – Price trends (next 12 months) decreased to 17.4 by -1386.0% on January 2021 from 20.2 in the previous . On a year on year basis Sweden’s Consumer – Price trends (next 12 months) decreased by -4579.0%. Sweden’s Consumer – Price trends (next 12 months) trend is down since the current value of 17.4 is lower than the 12 month moving average of 25.725.Sweden’s Consumer – Unemployment expectations (next 12 months) icnreased to 39.2 by 6132.0% on January 2021 from 24.3 in the previous . On a year on year basis Sweden’s Consumer – Unemployment expectations (next 12 months) increased by 2099.0%. Sweden’s Consumer – Unemployment expectations (next 12 months) trend is down since the current value of 39.2 is lower than the 12 month moving average of 36.1917.Sweden’s Consumer – Major purchases (next 12 months) icnreased to -10.2 by 737.0% on January 2021 from -9.5 in the previous . On a year on year basis Sweden’s Consumer – Major purchases (next 12 months) increased by 99.0%. Sweden’s Consumer – Major purchases (next 12 months) trend is down since the current value of -10.2 is lower than the 12 month moving average of -10.1083.Sweden’s Consumer – Savings (next 12 months) decreased to 47.6 by -480.0% on January 2021 from 50.0 in the previous . On a year on year basis Sweden’s Consumer – Savings (next 12 months) increased by 106.0%. Sweden’s Consumer – Savings (next 12 months) trend is down since the current value of 47.6 is lower than the 12 month moving average of 48.45.Sweden’s Consumer – Households Financial situation icnreased to 47.2 by 559.0% on January 2021 from 44.7 in the previous . On a year on year basis Sweden’s Consumer – Households Financial situation increased by 851.0%. Sweden’s Consumer – Households Financial situation trend is down since the current value of 47.2 is lower than the 12 month moving average of 44.2.

 

Sweden Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Manufacturing - Order Books 7 3.7 0.891892 -1.23333 1.0 1.0 0.383333 2021-04-01
Manufacturing - Selling Price expectations (next months) 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 24.2 27.1 -0.107011 -2.39884 1.0 1.0 0.183333 2021-05-31
industrial production mom 0.1 0.9 -0.888889 -0.956522 -1.0 -1.0 0.616667 2021-05-31
capacity utilization 89.4 88 0.0159091 -0.00886918 1.0 -1.0 0.333333 2021-01-01
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 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 Manufacturing – Order Books decreased to -13.4 by -3021.0% on January 2021 from -19.2 in the previous . On a year on year basis Sweden’s Manufacturing – Order Books increased by 229.0%. Sweden’s Manufacturing – Order Books trend is down since the current value of -13.4 is lower than the 12 month moving average of -23.3333.Sweden’s Manufacturing – Selling Price expectations (next months) icnreased to 7.9 by 972.0% on January 2021 from 7.2 in the previous . On a year on year basis Sweden’s Manufacturing – Selling Price expectations (next months) decreased by -47619.0%. Sweden’s Manufacturing – Selling Price expectations (next months) trend is down since the current value of 7.9 is lower than the 12 month moving average of -0.433333.Sweden’s Manufacturing – Production trend (recent months) decreased to 9.6 by -2993.0% on January 2021 from 13.7 in the previous . On a year on year basis Sweden’s Manufacturing – Production trend (recent months) decreased by -29592.0%. Sweden’s Manufacturing – Production trend (recent months) trend is down since the current value of 9.6 is lower than the 12 month moving average of -12.15.Sweden’s Manufacturing – Export Order Books decreased to -24.6 by -1773.0% on January 2021 from -29.9 in the previous . On a year on year basis Sweden’s Manufacturing – Export Order Books increased by 9070.0%. Sweden’s Manufacturing – Export Order Books trend is down since the current value of -24.6 is lower than the 12 month moving average of -29.5083.Sweden’s Manufacturing – Finished Products (Stock Levels) decreased to -3.2 by -32857.0% on January 2021 from 1.4 in the previous . On a year on year basis Sweden’s Manufacturing – Finished Products (Stock Levels) decreased by -12832.0%. Sweden’s Manufacturing – Finished Products (Stock Levels) trend is down since the current value of -3.2 is lower than the 12 month moving average of 7.525.Sweden’s Manufacturing – Production expectations (next months) icnreased to 19.7 by 479.0% on January 2021 from 18.8 in the previous . On a year on year basis Sweden’s Manufacturing – Production expectations (next months) increased by 47941.0%. Sweden’s Manufacturing – Production expectations (next months) trend is down since the current value of 19.7 is lower than the 12 month moving average of 2.98333.Sweden’s industrial production decreased to 0.2 by -108.33% on October 2020 from -2.4 in the previous Monthly. On a year on year basis Sweden’s industrial production decreased by -128.57%. Sweden’s industrial production trend is down since the current value of 0.2 is lower than the 12 month moving average of -4.50833.Sweden’s industrial production mom decreased to 1.2 by -185.71% on October 2020 from -1.4 in the previous Monthly. On a year on year basis Sweden’s industrial production mom decreased by -271.43%. Sweden’s industrial production mom trend is down since the current value of 1.2 is lower than the 12 month moving average of 0.233333.Sweden’s capacity utilization icnreased to 86.8 by 5.34% on July 2020 from 82.4 in the previous Quarterly. On a year on year basis Sweden’s capacity utilization decreased by -4.62%. Sweden’s capacity utilization trend is down since the current value of 86.8 is lower than the 12 month moving average of 89.5333.

 

Sweden Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
Services sector 32.6 7.2 3.52778 -1.72606 1.0 1.0 0.116667 2021-04-01
Services - Demand Expectations (next 3 months) 48.2 20.6 1.33981 -1.89094 1.0 1.0 0.0666667 2021-04-01
Services - Prices expectations (next 3 months) 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’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 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’s Services – Demand Expectations (next 3 months) decreased to 0.5 by -9528.0% on January 2021 from 10.6 in the previous . On a year on year basis Sweden’s Services – Demand Expectations (next 3 months) decreased by -9711.0%. Sweden’s Services – Demand Expectations (next 3 months) trend is down since the current value of 0.5 is lower than the 12 month moving average of -4.025.Sweden’s Services – Prices expectations (next 3 months) icnreased to -5.5 by 4103.0% on January 2021 from -3.9 in the previous . On a year on year basis Sweden’s Services – Prices expectations (next 3 months) decreased by -17051.0%. Sweden’s Services – Prices expectations (next 3 months) trend is down since the current value of -5.5 is lower than the 12 month moving average of -4.29167.Sweden’s Services – Business activity (past 3 months) decreased to 0.7 by -10769.0% on January 2021 from -9.1 in the previous . On a year on year basis Sweden’s Services – Business activity (past 3 months) decreased by -9578.0%. Sweden’s Services – Business activity (past 3 months) trend is down since the current value of 0.7 is lower than the 12 month moving average of -15.575.Sweden’s Services – Demand (past 3 months) decreased to -7.2 by -4894.0% on January 2021 from -14.1 in the previous . On a year on year basis Sweden’s Services – Demand (past 3 months) decreased by -22857.0%. Sweden’s Services – Demand (past 3 months) trend is down since the current value of -7.2 is lower than the 12 month moving average of -20.725.Sweden’s Services – Employment (past 3 months) decreased to -28.8 by -464.0% on January 2021 from -30.2 in the previous . On a year on year basis Sweden’s Services – Employment (past 3 months) increased by 115217.0%. Sweden’s Services – Employment (past 3 months) trend is down since the current value of -28.8 is lower than the 12 month moving average of -26.2.Sweden’s Services – Employment (next 3 months) icnreased to -7.0 by 145.0% on January 2021 from -6.9 in the previous . On a year on year basis Sweden’s Services – Employment (next 3 months) decreased by -21111.0%. Sweden’s Services – Employment (next 3 months) trend is down since the current value of -7.0 is lower than the 12 month moving average of -14.7083.

Sweden Retail Sector

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Retail sector 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 10.3 7 0.471429 6.92308 1.0 1.0 0.983333 2021-05-31
retail sales MoM 2.3 -0.4 0 0.210526 1.0 1.0 0.733333 2021-05-31
  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 Retail – Orders Expectations (next 3 months) decreased to 1.4 by -7083.0% on January 2021 from 4.8 in the previous . On a year on year basis Sweden’s Retail – Orders Expectations (next 3 months) decreased by -9404.0%. Sweden’s Retail – Orders Expectations (next 3 months) trend is down since the current value of 1.4 is lower than the 12 month moving average of 4.95.Sweden’s Retail – Prices expectations (next 3 months) decreased to 13.2 by -3744.0% on January 2021 from 21.1 in the previous . On a year on year basis Sweden’s Retail – Prices expectations (next 3 months) decreased by -5093.0%. Sweden’s Retail – Prices expectations (next 3 months) trend is down since the current value of 13.2 is lower than the 12 month moving average of 18.3833.Sweden’s Retail – Business activity (past 3 months) decreased to 19.6 by -3050.0% on January 2021 from 28.2 in the previous . On a year on year basis Sweden’s Retail – Business activity (past 3 months) decreased by -2873.0%. Sweden’s Retail – Business activity (past 3 months) trend is down since the current value of 19.6 is lower than the 12 month moving average of 18.25.Sweden’s Retail – Stock Levels icnreased to 6.9 by 5333.0% on January 2021 from 4.5 in the previous . On a year on year basis Sweden’s Retail – Stock Levels decreased by -4773.0%. Sweden’s Retail – Stock Levels trend is down since the current value of 6.9 is lower than the 12 month moving average of 12.5.Sweden’s Retail – Business activity expectations (next 3 months) decreased to 6.3 by -6753.0% on January 2021 from 19.4 in the previous . On a year on year basis Sweden’s Retail – Business activity expectations (next 3 months) decreased by -8359.0%. Sweden’s Retail – Business activity expectations (next 3 months) trend is down since the current value of 6.3 is lower than the 12 month moving average of 17.8167.Sweden’s Retail – Employment expectations (next 3 months) icnreased to -9.8 by 4203.0% on January 2021 from -6.9 in the previous . On a year on year basis Sweden’s Retail – Employment expectations (next 3 months) decreased by -99091.0%. Sweden’s Retail – Employment expectations (next 3 months) trend is down since the current value of -9.8 is lower than the 12 month moving average of -8.16667.Sweden’s retail sales icnreased to 5.7 by 35.71% on November 2020 from 4.2 in the previous Monthly. On a year on year basis Sweden’s retail sales increased by 338.46%. Sweden’s retail sales trend is down since the current value of 5.7 is lower than the 12 month moving average of 2.58333.Sweden’s retail sales MoM decreased to 0.8 by -11.11% on November 2020 from 0.9 in the previous Monthly. On a year on year basis Sweden’s retail sales MoM decreased by -900.0%. Sweden’s retail sales MoM trend is down since the current value of 0.8 is lower than the 12 month moving average of 0.391667.

Sweden Construction Sector

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Construction sector -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 15.411 12.852 0.199113 0.127524 1.0 1.0 0.533333 2021-01-01
housing index 288.74 284.78 0.0139055 0.17906 1.0 1.0 0.983333 2021-05-31
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’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 Construction – Current Order Books decreased to -28.0 by -3000.0% on January 2021 from -40.0 in the previous . On a year on year basis Sweden’s Construction – Current Order Books decreased by -56667.0%. Sweden’s Construction – Current Order Books trend is down since the current value of -28.0 is lower than the 12 month moving average of -18.75.Sweden’s Construction – Prices over next 3 months decreased to -30.0 by -1892.0% on January 2021 from -37.0 in the previous . On a year on year basis Sweden’s Construction – Prices over next 3 months increased by 27500.0%. Sweden’s Construction – Prices over next 3 months trend is down since the current value of -30.0 is lower than the 12 month moving average of -29.3333.Sweden’s Construction – Employment over next 3 months decreased to -15.0 by -3750.0% on January 2021 from -24.0 in the previous . On a year on year basis Sweden’s Construction – Employment over next 3 months decreased by -17895.0%. Sweden’s Construction – Employment over next 3 months trend is down since the current value of -15.0 is lower than the 12 month moving average of -13.8333.Sweden’s housing starts decreased to 10.27 by -17.87% on May 2020 from 12.504 in the previous Quarterly. On a year on year basis Sweden’s housing starts decreased by -19.23%. Sweden’s housing starts trend is down since the current value of 10.27 is lower than the 12 month moving average of 12.3466.Sweden’s housing index icnreased to 262.26 by 0.17% on November 2020 from 261.81 in the previous Monthly. On a year on year basis Sweden’s housing index increased by 10.35%. Sweden’s housing index trend is down since the current value of 262.26 is lower than the 12 month moving average of 248.953.Sweden’s Construction – Building Activity (past 3 months) decreased to -30.0 by -909.0% on January 2021 from -33.0 in the previous . On a year on year basis Sweden’s Construction – Building Activity (past 3 months) increased by 140000.0%. Sweden’s Construction – Building Activity (past 3 months) trend is down since the current value of -30.0 is lower than the 12 month moving average of -19.4167.Sweden’s Construction – Factors Limiting (None) icnreased to 22.0 by 476.0% on January 2021 from 21.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (None) increased by 5714.0%. Sweden’s Construction – Factors Limiting (None) trend is down since the current value of 22.0 is lower than the 12 month moving average of 17.25.Sweden’s Construction – Factors Limiting (Insufficient Demand) decreased to 51.0 by -192.0% on January 2021 from 52.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Insufficient Demand) increased by 6452.0%. Sweden’s Construction – Factors Limiting (Insufficient Demand) trend is down since the current value of 51.0 is lower than the 12 month moving average of 42.9167.Sweden’s Construction – Factors Limiting (Weather) decreased to 1.0 by -5000.0% on January 2021 from 2.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Weather) decreased by -5000.0%. Sweden’s Construction – Factors Limiting (Weather) trend is down since the current value of 1.0 is lower than the 12 month moving average of 1.66667.Sweden’s Construction – Factors Limiting (Shortage of labour force) icnreased to 8.0 by 6000.0% on January 2021 from 5.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Shortage of labour force) decreased by -6667.0%. Sweden’s Construction – Factors Limiting (Shortage of labour force) trend is down since the current value of 8.0 is lower than the 12 month moving average of 12.0833.Sweden’s Construction – Factors Limiting (Shortage of material / equipment) On a year on year basis Sweden’s Construction – Factors Limiting (Shortage of material / equipment) decreased by -13333.0%. Sweden’s Construction – Factors Limiting (Shortage of material / equipment) trend is down since the current value of -1.0 is lower than the 12 month moving average of 0.333333.Sweden’s Construction – Factors Limiting (Other) decreased to 2.0 by -3333.0% on January 2021 from 3.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Other) decreased by -6000.0%. Sweden’s Construction – Factors Limiting (Other) trend is down since the current value of 2.0 is lower than the 12 month moving average of 6.5.Sweden’s Construction – Factors Limiting (Financial Constraints) decreased to 18.0 by -1000.0% on January 2021 from 20.0 in the previous . On a year on year basis Sweden’s Construction – Factors Limiting (Financial Constraints) decreased by -1818.0%. Sweden’s Construction – Factors Limiting (Financial Constraints) trend is down since the current value of 18.0 is lower than the 12 month moving average of 20.5.

Sweden GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 1231840 1234810 -0.00240523 0.0650804 1.0 1.0 0.383333 2020-12-01
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
gdp 530.833 555.455 -0.0443276 0.0805695 -1.0 1.0 0 2019-01-31
gdp growth 0.8 7.5 -0.893333 3 1.0 1.0 0.95 2021-01-01
  Sweden’s Real GDP icnreased to 1221860.0 by 4.93% on September 2020 from 1164450.0 in the previous Quarterly. On a year on year basis Sweden’s Real GDP increased by 6.37%. Sweden’s Real GDP trend is down since the current value of 1221860.0 is lower than the 12 month moving average of 1201050.0.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 gdp decreased to 530.833 by -4.43% on January 2019 from 555.455 in the previous Yearly. On a year on year basis Sweden’s gdp increased by 8.06%. Sweden’s gdp trend is down since the current value of 530.833 is lower than the 12 month moving average of 532.792.Sweden’s gdp growth decreased to 4.9 by -161.25% on July 2020 from -8.0 in the previous Quarterly. On a year on year basis Sweden’s gdp growth increased by 444.44%. Sweden’s gdp growth trend is down since the current value of 4.9 is lower than the 12 month moving average of 0.00833333.

Sweden inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
core inflation rate 1.6 2.1 -0.238095 1.28571 1.0 1.0 0.966667 2021-06-30
consumer price index cpi 341.32 341.04 0.000821018 0.0133001 1.0 1.0 0.3 2021-06-30
Producer Price Index 118.7 117.3 0.0119352 0.0781108 1.0 1.0 0.883333 2021-05-31
PPI Index 7.9 5.6 0.410714 -3.07895 1.0 1.0 0.233333 2021-05-31
 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 core inflation rate decreased to 0.2 by -33.33% on October 2020 from 0.3 in the previous Monthly. On a year on year basis Sweden’s core inflation rate decreased by -84.62%. Sweden’s core inflation rate trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.808333.Sweden’s consumer price index cpi icnreased to 337.0 by 0.01% on November 2020 from 336.97 in the previous Monthly. On a year on year basis Sweden’s consumer price index cpi increased by 0.19%. Sweden’s consumer price index cpi trend is down since the current value of 337.0 is lower than the 12 month moving average of 335.784.Sweden’s Producer Price Index icnreased to 109.9 by 0.18% on November 2020 from 109.7 in the previous Monthly. On a year on year basis Sweden’s Producer Price Index decreased by -4.35%. Sweden’s Producer Price Index trend is down since the current value of 109.9 is lower than the 12 month moving average of 110.758.Sweden’s PPI Index icnreased to -4.4 by 4.76% on October 2020 from -4.2 in the previous Monthly. On a year on year basis Sweden’s PPI Index decreased by -588.89%. Sweden’s PPI Index trend is down since the current value of -4.4 is lower than the 12 month moving average of -2.61667.

Sweden Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -3.1 0.6 -6.16667 -2.40909 -1.0 -1.0 0 2020-01-31
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31
 Sweden’s Government budget decreased to 40391.0 by -212.29% on November 2020 from -35969.0 in the previous Monthly. On a year on year basis Sweden’s Government budget increased by 59.68%. Sweden’s Government budget trend is down since the current value of 40391.0 is lower than the 12 month moving average of -16097.4.Sweden’s government revenues icnreased to 107952.0 by 38.92% on November 2020 from 77708.0 in the previous Monthly. On a year on year basis Sweden’s government revenues increased by 5.71%. Sweden’s government revenues trend is down since the current value of 107952.0 is lower than the 12 month moving average of 82396.2.Sweden’s fiscal expenditure decreased to 67561.0 by -40.57% on November 2020 from 113677.0 in the previous Monthly. On a year on year basis Sweden’s fiscal expenditure decreased by -12.06%. Sweden’s fiscal expenditure trend is down since the current value of 67561.0 is lower than the 12 month moving average of 98493.8.

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 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
banks balance sheet 11528100 11461400 0.00581953 0.0334098 1.0 1.0 0.483333 2021-05-31
money supply m0 61347 60989 0.00586991 -0.00662284 -1.0 -1.0 0.416667 2021-05-31
money supply m1 4099720 3865470 0.0606006 0.175106 1.0 1.0 0.9 2021-05-31
money supply m2 4420370 4376560 0.0100101 0.115176 1.0 1.0 0.766667 2021-05-31
money supply m3 4545730 4515910 0.00660332 0.112759 1.0 1.0 0.766667 2021-05-31
 Sweden’s interest rate Sweden’s interest rate trend is down since the current value of -0.25 is lower than the 12 month moving average of -0.25.Sweden’s central bank balance sheet icnreased to 1375330.0 by 1.4% on November 2020 from 1356300.0 in the previous Monthly. On a year on year basis Sweden’s central bank balance sheet increased by 47.82%. Sweden’s central bank balance sheet trend is down since the current value of 1375330.0 is lower than the 12 month moving average of 1162220.0.Sweden’s banks balance sheet icnreased to 10829800.0 by 0.09% on November 2020 from 10819600.0 in the previous Monthly. On a year on year basis Sweden’s banks balance sheet increased by 7.23%. Sweden’s banks balance sheet trend is down since the current value of 10829800.0 is lower than the 12 month moving average of 10881000.0.Sweden’s money supply m2 icnreased to 4194140.0 by 1.53% on November 2020 from 4131000.0 in the previous Monthly. On a year on year basis Sweden’s money supply m2 increased by 16.52%. Sweden’s money supply m2 trend is down since the current value of 4194140.0 is lower than the 12 month moving average of 3929980.0.

Sweden Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
EEI - Employment Composite 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 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
youth unemployment rate 25.8 27.3 -0.0549451 0 1.0 -1.0 0.45 2021-05-31
long term unemployment rate 1.2 1.1 0.0909091 0 1.0 -1.0 0.616667 2020-09-30
 Sweden’s EEI – Employment Composite icnreased to 93.9 by 11.0% on January 2021 from 93.8 in the previous . On a year on year basis Sweden’s EEI – Employment Composite decreased by -534.0%. Sweden’s EEI – Employment Composite trend is down since the current value of 93.9 is lower than the 12 month moving average of 90.7417.Sweden’s EEI – Employment Composite icnreased to 93.9 by 11.0% on January 2021 from 93.8 in the previous . On a year on year basis Sweden’s EEI – Employment Composite decreased by -534.0%. Sweden’s EEI – Employment Composite trend is down since the current value of 93.9 is lower than the 12 month moving average of 90.7417.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 youth unemployment rate decreased to 23.1 by -2.12% on November 2020 from 23.6 in the previous Monthly. On a year on year basis Sweden’s youth unemployment rate increased by 14.93%. Sweden’s youth unemployment rate trend is down since the current value of 23.1 is lower than the 12 month moving average of 23.925.Sweden’s long term unemployment rate icnreased to 0.012 by 9.09% on September 2020 from 0.011 in the previous Quarterly. Sweden’s long term unemployment rate trend is down since the current value of 0.012 is lower than the 12 month moving average of 0.0106667.

Sweden Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
current account to gdp 5.2 5.1 0.0196078 -0.333333 1.0 -1.0 0 2020-01-31
exports 130800 143900 -0.0910354 0.227017 1.0 1.0 1 2021-04-30
imports 129000 139800 -0.0772532 0.301715 1.0 1.0 1 2021-04-30
balance of trade 5100 1900 1.68421 3.63636 1.0 1.0 0.933333 2021-05-31
capital flows 45.8 -7.2 -7.36111 -0.688223 1.0 -1.0 0.6 2020-10-01
foreign direct investment 20.7 -6.9 -4 0.669355 -1.0 1.0 0.766667 2020-07-01
 Sweden’s current account icnreased to 67.4 by 8.19% on July 2020 from 62.3 in the previous Quarterly. On a year on year basis Sweden’s current account increased by 67.25%. Sweden’s current account trend is down since the current value of 67.4 is lower than the 12 month moving average of 50.6.Sweden’s current account to gdp icnreased to 3.9 by 129.41% on January 2019 from 1.7 in the previous Yearly. On a year on year basis Sweden’s current account to gdp decreased by -52.44%. Sweden’s current account to gdp trend is down since the current value of 3.9 is lower than the 12 month moving average of 4.75833.Sweden’s exports decreased to 128000.0 by -0.7% on November 2020 from 128900.0 in the previous Monthly. On a year on year basis Sweden’s exports decreased by -2.44%. Sweden’s exports trend is down since the current value of 128000.0 is lower than the 12 month moving average of 118692.0.Sweden’s imports icnreased to 126600.0 by 2.18% on November 2020 from 123900.0 in the previous Monthly. On a year on year basis Sweden’s imports decreased by -1.48%. Sweden’s imports trend is down since the current value of 126600.0 is lower than the 12 month moving average of 114258.0.Sweden’s balance of trade decreased to 1400.0 by -72.0% on November 2020 from 5000.0 in the previous Monthly. On a year on year basis Sweden’s balance of trade decreased by -46.15%. Sweden’s balance of trade trend is down since the current value of 1400.0 is lower than the 12 month moving average of 4425.0.Sweden’s capital flows icnreased to 87.6 by 60.15% on April 2020 from 54.7 in the previous Quarterly. On a year on year basis Sweden’s capital flows decreased by -43.56%. Sweden’s capital flows trend is down since the current value of 87.6 is lower than the 12 month moving average of 44.7083.Sweden’s foreign direct investment decreased to -12.5 by -106.11% on April 2020 from 204.7 in the previous Quarterly. On a year on year basis Sweden’s foreign direct investment decreased by -153.19%. Sweden’s foreign direct investment trend is down since the current value of -12.5 is lower than the 12 month moving average of 36.9167.

Sweden Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 488410 487691 0.00147429 -0.0699787 -1.0 -1.0 0.166667 2021-06-30
gold reserves 125.72 125.7 0.000159109 0 1.0 -1.0 0.8 2020-07-01
Sweden’s foreign exchange reserves decreased to 516964.0 by -3.99% on November 2020 from 538474.0 in the previous Monthly. On a year on year basis Sweden’s foreign exchange reserves decreased by -4.47%. Sweden’s foreign exchange reserves trend is down since the current value of 516964.0 is lower than the 12 month moving average of 524982.0.Sweden’s gold reserves icnreased to 125.72 by 0.02% on July 2020 from 125.7 in the previous Quarterly. Sweden’s gold reserves trend is down since the current value of 125.72 is lower than the 12 month moving average of 125.707.Sweden’s government debt decreased to 1136530.0 by -8.16% on November 2020 from 1237550.0 in the previous Monthly. On a year on year basis Sweden’s government debt increased by 8.18%. Sweden’s government debt trend is down since the current value of 1136530.0 is lower than the 12 month moving average of 1147040.0.Sweden’s government debt to gdp decreased to 35.1 by -9.54% on January 2019 from 38.8 in the previous Yearly. On a year on year basis Sweden’s government debt to gdp decreased by -10.46%. Sweden’s government debt to gdp trend is down since the current value of 35.1 is lower than the 12 month moving average of 40.0833.Sweden’s external debt icnreased to 8522.9 by 1.28% on May 2020 from 8415.2 in the previous Monthly. On a year on year basis Sweden’s external debt increased by 2.44%. Sweden’s external debt trend is down since the current value of 8522.9 is lower than the 12 month moving average of 8499.41.

 

Sweden Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
  Sweden’s government debt decreased to 1136530.0 by -8.16% on November 2020 from 1237550.0 in the previous Monthly. On a year on year basis Sweden’s government debt increased by 8.18%. Sweden’s government debt trend is down since the current value of 1136530.0 is lower than the 12 month moving average of 1147040.0.Sweden’s government debt to gdp decreased to 35.1 by -9.54% on January 2019 from 38.8 in the previous Yearly. On a year on year basis Sweden’s government debt to gdp decreased by -10.46%. Sweden’s government debt to gdp trend is down since the current value of 35.1 is lower than the 12 month moving average of 40.0833.Sweden’s external debt icnreased to 8522.9 by 1.28% on May 2020 from 8415.2 in the previous Monthly. On a year on year basis Sweden’s external debt increased by 2.44%. Sweden’s external debt trend is down since the current value of 8522.9 is lower than the 12 month moving average of 8499.41.

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 5.9 5.7 0.0350877 0.156863 1.0 1.0 1 2021-05-31
loans to private sector 1450370 1452330 -0.00134956 -0.0540304 -1.0 -1.0 0.0166667 2021-05-31
lending rate 0.1 0.1 0 -0.8 -1.0 -1.0 0.0333333 2020-09-30
 Sweden’s interbank rate icnreased to 0.017 by 9.62% on September 2019 from -0.067 in the previous Daily. On a year on year basis Sweden’s interbank rate decreased by -359.09%. Sweden’s interbank rate trend is down since the current value of 0.017 is lower than the 12 month moving average of -0.0195833.Sweden’s deposit interest rate decreased to -0.75 by -25.0% on December 2019 from -1.0 in the previous Monthly. On a year on year basis Sweden’s deposit interest rate decreased by -25.0%. Sweden’s deposit interest rate trend is down since the current value of -0.75 is lower than the 12 month moving average of -0.979167.Sweden’s loan growth icnreased to 5.3 by 1.92% on October 2020 from 5.2 in the previous Monthly. On a year on year basis Sweden’s loan growth increased by 6.0%. Sweden’s loan growth trend is down since the current value of 5.3 is lower than the 12 month moving average of 5.14167.Sweden’s loans to private sector icnreased to 1447640.0 by 0.44% on November 2020 from 1441290.0 in the previous Monthly. On a year on year basis Sweden’s loans to private sector increased by 0.11%. Sweden’s loans to private sector trend is down since the current value of 1447640.0 is lower than the 12 month moving average of 1478180.0.Sweden’s lending rate On a year on year basis Sweden’s lending rate decreased by -80.0%. Sweden’s lending rate trend is down since the current value of 0.1 is lower than the 12 month moving average of 0.3625.


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.
MacroVar Growth Inflation Model

  • 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
Read more on how to analyze a country’s macroeconomics in detail. MacroVar also provides a detailed analysis of  the global economy and the 40 largest economic in the world. Click here to learn more.

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