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MNI: SWEDEN DATA: Unemployment Rate (Apr 2019).......>

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MNI: SWEDEN DATA: Unemployment Rate (Apr 2019) Preview - 08:30 BST
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- UE rate (sa): Bbg Consensus: 6.5%; Previous (Mar): 6.7%
- After falling to an 8-month low of 6.0% in Oct, the seasonally adjusted
Swedish unemployment rate has trended higher...
- ... hitting its highest level in Mar since Oct 17
- Markets look for the rate to decline by 0.2pp to 6.5% in Apr...
- ... which would leave it slightly above the Q1 average of 6.4%
- A recent Riksbank report identified high levels of household indebtedness as
currently posing the greatest risk to the Swedish economy
- Elevated debt levels, coupled with the recent rising trend in the unemployment
rate, bode poorly for household spending growth going forward

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