Political
Economy
The
Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.
Looks strong but feeling weak – Swedish businesses and household barometer show a rise in positive perception
Wednesday, 28 March 2012
The so-called
Swedish barometric indicator, which measures the total mood and the
state among businesses and households in Sweden rose firmly in March.
The institution
that carries the measurement, the National institute for economic
research (NIER) shows, in its latest monthly survey a tendency
Indicator which amounted to 101.8 in March, compared with 93.5 in
February.
"All sectors of
the economy contributed positively to the development and also the
results from the household sector were positive, "the NIER wrote in a
statement.
The indicator
has now risen by almost ten points in two months and is nearly two
points above the historical average, according to NIER.
Inflation
expectations for the twelve months ahead rose to 2.8 percent in March
from 2.3 percent in February. Meanwhile, households 'interest rate
expectations turned down both for one, two and five years' time, it
continues.
NIER is now
writing down their forecasts for Swedish economic growth and expect GDP
to grow by 0.4 percent in 2012 and 2.5 percent 2013. In the previous
forecast, issued in December, NIER calculated that growth would see 0.6
percent this year and 3.0 percent 2013.
The Institute also showed several signs of an early economic recovery:
"During the
first months of the Swedish household and corporate confidence in the
economy strengthened. It is one of the signs that the economy is about
to turn up after a dismal autumn, "writes NIER.
However, it
adds that the recovery will be slow and the repo rate, expected to be
1.5 percent in late 2012, needs to be kept low for a long time.
By Scancomark.se team
What do you think about this article
and us? Please leave a comment
© Scandinavian Companies and Market
Magazine
2012. | Scandinavian
Companies and Market and Scancomark are registered trade mark of
Scandinavian Companies and Market.