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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
Swedish monthly GDP figures for August came in just below consensus at -0.2% M/M (vs -0.1% cons; a revised +0.8% prior) and +0.3% Y/Y (vs -0.3% prior).
- The press release notes that the print was pulled down by strong imports of goods, while consumption lost momentum relative to the summer months.
- Household consumption was +0.5% M/M and +0.6% Y/Y (vs +0.6% M/M and +0.8% Y/Y in July respectively). As with prior months, hard consumption data continues to hold up better than the extremely negative consumer confidence prints in the Economic Tendency Indicator.
- On a Y/Y basis, overall production recovered somewhat, with private sector production +0.7% Y/Y (vs -2.2% prior), services production 0.6% Y/Y (vs +0.6% prior) and industrial production +4.7% Y/Y (vs -5.1% prior).
- Further details on the drivers of each component have not yet been released.
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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