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August 15, 2023
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Sweden CPI inflation 9.26% y-o-y (consensus 9.3) in Jul-23



- Sweden's CPI inflation in July 2023 slightly undershot expectations, with a year-on-year rate of 9.26% compared to the consensus forecast of 9.3%.
- The inflation rate experienced a minor decrease from the previous month and marked the lowest growth rate since July 2022. However, it remained significantly above the long run average by approximately 4.92 percentage points.
August 01, 2023
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Sweden PMI manufacturing 47.61 in Jul-23


- The Sweden PMI for manufacturing increased to 47.61 in July 2023, marking the highest level since September 2022.
- Despite the improvement, the PMI remains below 50, indicating ongoing contraction in the manufacturing sector.
July 28, 2023
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Sweden unemployment rate 9.2% (consensus 7.6) in Jun-23

- Sweden's unemployment rate unexpectedly rose to 9.2% in June 2023, surpassing both consensus forecasts and previous levels, marking the highest rate since June 2021.
- The elevated unemployment rate in Sweden, which is well above both the one-year average and long-run average, suggests economic challenges.

July 28, 2023
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Sweden GDP -1.37% m-o-m in Jun-23


- Sweden's GDP contracted by 1.37% month-on-month in June 2023, indicating a significant decline in economic output.
- This represents the lowest level of growth since January 2022 and falls 1.09 percentage points below the one-year average and 1.55 percentage points under the long run average.

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