Free Trial
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.
SWEDEN
MNI (London)
SWEDEN DEC INDUSTRIAL ORDERS +25.1% M/M; NOV -0.6% M/M
SWEDEN DEC INDUSTRIAL ORDERS +24.9% Y/Y; NOV -7.0%r Y/Y
- Swedish industrial orders jumped by +25.1% m/m and +24.9% y/y in December, after having contracted in November.
- Transport equipment was the key upwards driver, surging +122.9% m/m alone. Orders were volatile albeit to a lesser degree across other industries.
- The jump in orders failed to feed through into higher production levels. Swedish industrial production fell by -0.4% m/m, after -1.3% m/m in November. The manufacturing PMI recorded a sixth consecutive month of contraction in January, implying weakness has followed through into January production.
- Attention turns to the Riksbank rate decision due tomorrow. The Bank is widely expected to raise its key interest rate by 50 basis points to 3.0%, just above the level it has previously indicated could constitute the peak of the tightening cycle, focusing attention on whether the central bank will signal that more hikes are likely amid continuing inflationary pressures and a weak krona.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok