Muted export signs: "The peak is reached" – nwt.se

After a few years of slowdown, Swedish exports boomed at the end of 2016 and since then the industry has been showing a good growth rate.

– Regarding the level of activity, it seems pretty clear times. According to Michael Grahn, the order books look good

"It will be a problem"

The rise can be attributed to the economic cycle in Europe, where the recovery has continued since 2009 with the crisis in the world. the euro in 2011

showed signs of slowing down and, according to Mr Grahn, the peak is reached for Swedish exports. Overall, in the United States and China, it still looks strong – but Europe is posting weaker signals.

The purchasing index of German industry was the lowest in two years and Swedish orders have fallen considerably since last November. 19659002] – It will be a problem in the future – we can not really see it but it is right in front of us. He thinks the slowdown could be due to the fact that the European industry has started to adapt to a trade war – US protectionist talents continue to rise. The European Central Bank is still pursuing an expansionary monetary policy and economic policy has not been tightened.

Still, it is only a return to normal mode, says Grahn.

– But a further drop would mean we would not do it. can only speak of a temporary slowdown but without any clearer downturn in the business cycle. An extended trade war could, of course, exacerbate the prospects

According to Grahn, there is reason to fear that industrial production, and soon even exports, will stop at the end of the year [19659002] – This obviously means a deterioration in Swedish growth prospects.