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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
MNI (London)
SWEDEN OCT ECONOMIC TENDENCY SURVEY 84.6; SEP 90.8
SWEDEN OCT CONSUMER CONFIDENCE 48.3; SEP 52.1r
SWEDEN OCT MANUFACTURING CONFIDENCE 105.1; SEP 109.6r
- The Swedish Economic Tendency indicator dived over 6 points in October to the lowest since July 2020. Overall demand contracted, and employment expectations fell.
- Retail and service sectors led the broad-based decline on the back of negative consumer demand outlooks and weak tourism services.
- Only building and manufacturing sector confidence remains above historical averages.
- The consumer confidence indicator recorded a 3.8-point slide, falling to historical lows across almost all sub-indexes. 12-month expected inflation softened to 11.1%, albeit remaining alarmingly high.
- The Riksbank surprised with an outsized 100bp hike in September to 1.75%, signalling continued increases over the next 6 months as the Swedish economy battles surging inflation (+10.8% y/y in September) and a weak krona.
Source: Sweden Konjunkturinstitutet
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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