Fast Comment Sweden

Fast Comment Sweden — April unemployment rate a tad higher, above expectations

  1. Unchanged unemployment rate since March; a tad higher than expected
  2. April reading mainly close to expectations
  3. Higher-than-expected labour force participation an upside risk to unemployment rate outlook

Anders Brunstedt, Economist | anbr42@handelsbanken.se

Fast Comment Sweden — April inflation significantly lower than expected

  1. April inflation significantly lower than expected
  2. SEK likely to factor into lower-than-expected prices on clothing and package tours
  3. Current core inflation really low

Anders Brunstedt, Economist | anbr42@handelsbanken.se

Fast Comment Sweden — Industrial production up in April, above expectations

  1. Industrial production up in April, above expectations
  2. Continued strength in IP orders
  3. Improved manufacturing prospects

Anders Brunstedt, Economist | anbr42@handelsbanken.se

Fast Comment Sweden — April PMI weaker than expected

  1. April PMI weaker than expected
  2. Weakening in all major components; domestic orders declining the most

Anders Brunstedt, Economist | anbr42@handelsbanken.se

Fast Comment Sweden — March retail sales below expectations

  1. March retail sales below expectations
  2. Stronger-than-expected setback for durables sales
  3. Weakness in March not characteristic to our annual forecast

Anders Brunstedt, Economist | anbr42@handelsbanken.se

Fast Comment Sweden — Total Swedish sentiment closer to "much weaker than normal" than to "normal"

  1. Improving consumer confidence, stronger than general expectations
  2. Stronger manufacturing confidence, but slightly weaker business confidence overall
  3. Total Swedish sentiment closer to "much weaker than normal" than to "normal"

Anders Brunstedt, Economist | anbr42@handelsbanken.se