Sweden Q3 GDP growth likely to exceed 3.5%

Sweden household consumption indicators posted a mixed result. Retail sales in the economy continued its upward trend in October. The sales increased by 5.0% year on year in the reference month.

Consumer sentiment, in contrast, is moving in a downward trend over the past two years.

"Today's figures put upward risks to our Q3 GDP call of 3.5% y/y", states Nordea Bank.