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Unemployment falls in Sweden and Finland

  • Swedish unemployment fell to 7.3 percent in April, from 7.7 in March
  • Strong increase in employment in April
  • Riksbank still focused on inflation and the krona

Read why here

  • Finnish unemployment fell to 9.8 percent in April, versus 10.1 percent before
  • The inactive population is still rising
  • A firm pickup in employment is needed
Read why here

 

Latest from Speakers´ corner

Brexit-varningar avlöser varandra

  • UK: Brexit skulle leda till recession, enligt Cameron och Osborne. Betydande fall i BNP och stigande arbetslöshet enligt analys från finansdepartementet som presenteras idag
  • G7: Enades om att inte använda konkurrensdevalveringar och att volatilitet på FX-marknaden kan ha negativa effekter på tillväxt och finansiell stabilitet. Varnar återigen för Brexit

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Keywords: UK, Politics

The chart of the day

Calendar

Fri, May 20
      Graph Period Cons. fc Our fc Previous Actual
09:00 Denmark Retail Sales April -1.9 2.8
16:00 US Existing Home Sales April 5.40M 5.4M 5.4M
Mon, May 23
      Graph Period Cons. fc Our fc Previous Actual
04:00 Japan Markit PMI Manufacturing May 48.2 47.6
09:00 Denmark Consumer Confidence May 5.0 5.5 3.2
09:00 France Markit PMI Manufacturing May 49.0 48 48.3
09:30 Germany Markit PMI Manufacturing May 52.0 51.8 52.4
10:00 Eurozone Markit PMI Composite May 53.2 53.7 53 52.9
10:00 Eurozone Markit PMI Manufacturing May 51.9 51.7 51.5
15:45 US Markit PMI Manufacturing May 51.0 50.8 50.5
16:00 Eurozone Consumer Confidence advance May -9.0 -9.3 -7
Tue, May 24
      Graph Period Cons. fc Our fc Previous Actual
08:00 Finland Unemployment Rate April 10.1 9.8
08:00 Germany GDP, sa Q1 0.7/1.6 0.3 / 1.3 0.7 / 1.6
09:00 Sweden Riksbank Governor Ingves speech
09:30 Sweden Unemployment Rate, sa April 7.1 7.1 7.2 6.7
09:30 Sweden Unemployment Rate April 7.7 7.6 7.7 7.3
11:00 Germany ZEW Eurozone Economic Sentiment May 21.5 16.8
11:00 Germany ZEW Economic Expectations May 12.0 11.2 6.4
11:00 Germany ZEW Current Situation May 49.5 47.7 53.1
16:00 US New Home Sales April 520K 531K 619K
16:00 US Richmond Fed Man. Activity Index May 14 -1
Wed, May 25
      Graph Period Cons. fc Our fc Previous Actual
08:00 Germany GfK Consumer Confidence Survey May 9.8 9.7
10:00 Germany IFO - Business Climate May 106.8 106.6
10:00 Germany IFO - Expectations May 100.7 100.4
10:00 Germany IFO - Current Assessment May 113.4 113.2
Thu, May 26
      Graph Period Cons. fc Our fc Previous Actual
00:00 Norway Oil & gas investment survey
08:00 Finland Retail Trade ex auto April -0.8
08:00 Sweden FSA stability report
09:00 Sweden Economic Tendency Survey May 105.5 106.0 104.6
09:00 Sweden Consumer Confidence (CCI) May 98.0 98.1 97.1
09:00 Sweden Manufacturing Confidence May 107.0 109.0 107.9
09:30 Sweden Trade Balance (SEK) April 2.5B 3900M
10:30 UK GDP January 0.4/2.1 0.4 / 2.1
14:30 US Durable Goods Orders April 0.3 1.3 / -3.4
14:30 US Initial Jobless Claims W20 278K
14:30 US Capital Goods Shipment Nondef ex Air April 0
16:00 US Pending Home Sales, sa April 0.6 1.4
Fri, May 27
      Graph Period Cons. fc Our fc Previous Actual
01:30 Japan CPI April /-0.4 -0.1 / 0.1
08:00 Finland Consumer Confidence April 9.8
08:45 France Consumer Confidence (INSEE) May 95.0 93.6
09:30 Sweden Retail Sales, sa April 0.4/ 0.4/ -0.7
09:30 Sweden Retail Sales April /2.8 /2.8 / 2
14:30 US GDP annualized, Q1 0.8 0.5
16:00 US U. of Mich. Sentiment 95.8 95.8
19:15 US Fed´s Yellen speech
Fri, May 20|
Mon, May 23|
Tue, May 24|
Wed, May 25|
Thu, May 26|
Fri, May 27
View the complete calendar

Latest publications in

Fast Comment Sweden — Lower unemployment rate in April, below forecasts

  1. Lower unemployment rate in April, below forecasts
  2. Strong increase in employment in April
  3. Riksbank still focused on inflation and the krona

Pierre Carlsson, Strategist | pica01@handelsbanken.se

Fast Comment Finland — Unemployment rate decreased to 9.1 percent in April

  1. Seasonally-adjusted unemployment rate 9.1 percent in April
  2. The inactive population is still rising
  3. A firm pickup in employment is needed

Janne Ronkanen, Economist | jaro06@handelsbanken.se

Macro Comment China — China’s renewed construction boom supports iron ore and dry bulk shipping

China's property market has recovered, as growth in construction investment has turned positive again. We expect the renewed construction boom to continue throughout 2016 and somewhat into 2017 despite the more challenging outlook for the overall economy. That boom, with an accompanying increase in the growth of iron ore imports, should help the price of dry bulk shipping to recover meaningfully from the record low it reached in early 2016.

Bjarke Roed-Frederiksen, Economist | bjro03@handelsbanken.dk

EMU Comment — PMI softened to a 16-month low

  1. PMI disappointingly flat…
  2. …but core country PMIs show solid increases
  3. ECB can remain optimistic for some time yet

Rasmus Gudum-Sessingø, Economist | ragu02@handelsbanken.dk

UK Next Week's Agenda and Wrap Up — May 20, 2016

Headlines for the UK economy and global highlights
Wrap up, May 16-20
Next week's agenda, May 23-27
Financial overview, government bond yields and financial forecasts
The economy: Labour market
News and statements during the week

Helena Trygg, Economist | hetr01@handelsbanken.se

The Week Ahead — May 23-27

Eurozone: PMI expected to increase in May
Sweden: Lower unemployment rate in April; Swedish economy strength con-firmed in May surveys; retail sales growth to increase in April
Norway: Investment survey for oil and gas likely to confirm a further downturn

Rasmus Gudum-Sessingø, Economist | ragu02@handelsbanken.dk