Manufacturing to lead Sweden’s Q4 GDP

In manufacturing industry of Sweden, sentiment for private services and construction post a robust growth rate and thereby raise the confidence index for the total business sector to its highest level since May 2011. As a result, being supported by manufacturing sector the GDP of the economy is expected to post a robust growth rate in Q4.

Households' inflation expectation a year ahead was 2.0% in October reduced to 1.9% in November. On the other hand, retailers' price expectation has increased and likely to reach 2% target.