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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 real retail sales rose 0.3% M/M SWDA in April, with March’s print revised four tenths higher to 0.0%. There was no consensus for the print.
- On a 3m/3m SWDA basis, sales rose 0.7% (vs 0.4% prior), the fifth consecutive positive monthly development. Retail sales in consumables rose 1.1% 3m/3m while durable sales fell 0.5%.
- The gradual recovery of retail sales is consistent with improving retail sentiment and household consumption in recent months.
- Elsewhere, annual household lending remained subdued, rising 0.5% Y/Y in May (vs 0.6% prior).
- Overall, these statistics should not change the outlook for the Riksbank ahead of the June 27 meeting, where rates will most likely be kept on hold.
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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