Free Trial

MNI: SWEDEN DATA: Economic Tendency Indicator (Jul...>

MNI, NEWS
MNI: SWEDEN DATA: Economic Tendency Indicator (Jul 2019) Preview - 08:00 BST
-------------------------------------------------------------------------------
- Economic Tendency Indicator (ETI): Bbg Consensus: 97.5; Previous (Jun): 98.1
- Manufacturing Confidence: Bbg Consensus: 99.0; Previous (Jun): 100.2
- Consumer Confidence: Bbg Consensus: 93.8; Previous (Jun): 93.8
- Markets look for the ETI to decline for a third consecutive month in Jul...
- ... to its lowest level since Aug 2013
- Manufacturing confidence is anticipated to fall below 100 for the first time
since Aug 2016...
- ... with global industrial headwinds increasingly hitting domestic
manufacturing activity...
- ... the latest data shows that industrial output contracted by 0.7% m/m in May
- Consumer confidence, meanwhile, is expected to hold steady at 93.8...
- ... which would leave it just above the Q2 average of 93.3
- A continued slide in econ confidence over coming months would likely put paid
to any lingering hopes at the Riksbank of normalising policy in the near-term

To read the full story

Close

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.