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Sweden

Fast Comment Sweden — Swedish economy in full swing...for now; preview of this week's key macro data

  1. Economy at full speed, GDP outcome is expected show (Wednesday)
  2. But leading indicators will continue to signal a dampening ahead (Tuesday)
  3. Wage increases keep rising in the latter phase of the global cycle (Wednesday)

Johan Löf, Senior Economist | jolo22@handelsbanken.se

Fast Comment Sweden — Unemployment in April

  1. Unemployment somewhat above expectations, but these are volatile monthly data
  2. If anything, our forecast now looks more likely to hold
  3. Peak employment growth behind us - we stick with our view that unemployment will not fall much further

Johan Löf, Senior Economist | jolo22@handelsbanken.se

Fast Comment Sweden — Housing prices in April

  1. Housing prices increased slightly, somewhat stronger than expected
  2. The slowdown has been broad-based, despite regional differences
  3. Temporary effects are gradually fading out and prices seem to be stabilising

Helena Bornevall, Senior Economist | hebo12@handelsbanken.se

Fast Comment Sweden — Preview: House prices in April (Wednesday)

  1. A quiet April?
  2. The index mainly captures developments in the larger cities
  3. Dampened demand for new production, but need for construction still exists

Helena Bornevall, Senior Economist | hebo12@handelsbanken.se

Fast Comment Sweden — Inflation in April: The last scare before focus shifts back to upward trend

  1. Outcome fully in line with expectations
  2. Further signs of firm underlying inflation
  3. We stick to our forecast of a rate hike in December from the Riksbank

Johan Löf, Senior Economist | jolo22@handelsbanken.se

Fast Comment Sweden — Preview of April inflation: Close to target, but somewhat lower than March

  1. Last underlying inflation scare before upward trend is rediscovered
  2. Growth peak might be behind us, but the level of activity will stoke inflation lastingly
  3. Risks to April inflation estimate includes - you guessed it - air fares!

Johan Löf, Senior Economist | jolo22@handelsbanken.se