Archive

October 04, 2023
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Sweden PMI Services 46.3 in Sep-23

- The Sweden PMI Services recorded a decline to 46.3 in September 2023, indicating a contraction in the sector and the lowest level since June 2023.
- This decline is 4.11 points below the one-year average, signaling a more significant deterioration compared to historical trends and suggesting the need for focused attention and action.


October 02, 2023
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Sweden PMI Manufacturing 43.3 in Sep-23

- Sweden's PMI for manufacturing in September 2023 declined to 43.3, the lowest level since May 2023, indicating a contraction in the sector.
- The PMI was 2.28 points below the one-year average, suggesting a notable deviation from typical manufacturing activity.


September 27, 2023
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Sweden consumer confidence 69.1 in Sep-23

- Sweden's consumer confidence declined to 69.1 in September 2023, reaching its lowest level since April 2023, suggesting a shift in public perception regarding the economic prospects and personal financial situation.
- Although consumer confidence remains higher than the one-year average, it is significantly below the long-run average, highlighting prevailing pessimism among Swedish consumers about the long-term economic outlook.


September 21, 2023
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Riksbank: Sep-23

  • The Riksbank has elevated its policy rate to 4 per cent, an initiative to combat the prevailing high inflation in Sweden, with projections indicating potential further increases to stabilize inflation around the 2 per cent target.
  • The decision is within a global framework where central banks are implementing substantial interest rate hikes and adjusting monetary policies to navigate and mitigate inflationary pressures and dampen economic activities.
  • Future policy decisions will be closely aligned with emerging economic data and developments, with a meticulous and data-driven approach essential for maintaining economic stability and managing inflationary expectations in the precarious global economic environment.