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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
The Riksbank's business survey for Q3 showed respondents indicating "economic activity is expected to continue to slow down and the weak economic situation is expected to persist over the next six months".
- The weak krona has allowed exporters to benefit, but "more industrial sectors are now beginning to notice a slowdown in economic activity", albeit moderate. The Riksbank notes that few imports/exporters are changing their currency risk management (unlike the Riksbank, who are hedging their FX risk).
- Businesses note that "household expectations are central to the recovery", which is slightly worrying given the low consumer confidence seen in past months. The release states that "companies that sell directly to households are still experiencing very weak demand" - the negative Y/Y retail sales seen since May 2022 display this.
- There is evidence of price pressures waning thanks to "stiffer competition", slightly contradictory to yesterday's tendency survey which saw business price plans remain elevated. Additionally, respondents saw evidence of labour market loosening with "fewer shortages, even of specialists".
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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