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GDP data due at 7:00BST / 8:00CET

SWEDEN
  • Swedish GDP data is due at 7:00BST / 8:00CET alongside trade balance data for April and wage data for March.
  • The economic consensus is looking for the Q/Q print to come in at -0.5%, a tenth higher than the GDP indicator released a month ago.
  • The Y/Y print is expected to come in line with the GDP indicator at +3.0%.
  • There are likely two-way risks to SEK from the data this morning, but it is likely less market moving than CPIF, Prospera inflation expectations or some of the other more timely activity data.

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