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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SWEDEN
MNI (London)
SWEDEN MAR ECONOMIC TENDENCY SURVEY 88.2 (FCST 85); FEB 86.2r
- Swedish economic sentiment surprised to the upside in March, with the Economic Tendency index rising for a second month, up two points to 88.2 on the back of a broad-based improvements across sectors.
- Manufacturing confidence rose as production expectations strengthened, and services ticked up albeit remaining weak. Consumer confidence improved by 1.7 points to 62.8, as pessimism regarding personal finance situations and the 12-month Swedish economy outlooks declined.
- Despite retail confidence seeing the largest March improvement, the indicator remains the most negative.
- This is in line with a continued trend of weak Swedish consumer retail spending. Swedish retail sales data from this morning recorded a -1.2% m/m February contraction, the third consecutive m/m fall. Sales dropped a marked -9.4% y/y, 2.4pp sharper than consensus expectations. The annualised fall in sales was the largest since 1992, driven by both durables and consumables.
- Statistics Sweden noted that “after the decline that has been going on for some time, the retail sales volume is now back at a similar level as before the pandemic.”
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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