The crown was strengthened after strong GDP figures



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Sweden's GDP increased by 1.0%, compared to the previous quarter according to the fast data. Compared to the corresponding quarter of 2017, GDP increased by 3.3%. According to SME Direkt's estimates, GDP grew by 0.4% over the previous quarter and increased by 2.5% compared to the corresponding quarter of the previous year

Torbjörn Isaksson, Chief Analyst de Nordea, reported that

The main surprise against Nordea's forecast was the stock, which contributed 0.5 percentage points to GDP growth on an annualized basis, against the forecasts of Nordea by 0.0%

"All components Therefore, the composition of GDP growth is less impressive than the main figure suggests," he writes.

SEB wrote that it was particularly encouraging that exports continue to grow, indicating that the decline in GDP has been faster than expected Monthly trade statistics are temporary

Even last year, the rapid performance of GDP for the second sorting mestre was surprisingly strong, + 1.7% compared to the previous quarter and + 4.0% year-on-year. In the more definitive report of September, the result had been reduced to +1.3 and + 3.1%

The crown was strengthened by 4 pence at 10:26 against the euro and by 8 pence at 8:76 against the dollar.

Sweden's ten-year interest rate rose 6 points to 0.62%.

Hourly wages for private sector workers rose 2.2% to 170.70 euros per hour in May, excluding overtime premium, compared with the same month in 2017, according to Statistics Sweden.

Including overtime, Among the private sector employees, the monthly salary increased by 2.1% to SEK 40,550, including variable wage increases, and increased by 2.3% to SEK 39,690. , without taking into account variable salary allowances. In both cases, the allowance for overtime is excluded.

Japanese retail sales rose 1.5% in June from the previous month. We were expecting an increase of 1.8%.

Compared to the corresponding month of the previous year, sales increased by 1.8%. Capital Economics wrote in a comment that the recovery in retail sales from last month's weak numbers means that private consumption will rise further in the second quarter.

The economic climate of the EU shows that the global confidence indicator, ESI According to the results of the Reuters survey, the confidence index should have fallen to 112.2 .

Household inflation expectations (price index over the next twelve months) have increased for the euro area countries. at 18.0 in July compared to 17.5 the previous month.

Price expectations (sales) for industrial enterprises rose from 10.1 to 9.7, while the corresponding retail index remained unchanged at 6.8 compared with the previous month. ] "The Commission's slight loss of confidence in consumer confidence confirms our view that growth in the eurozone is slowing down Jennifer McKeown, an economist at Capital Economics." Inflation in Germany and Spain was above the 2% target of the ECB in July, according to preliminary figures.

German HICP inflation rose to 2.1 The Spanish HICP inflation was 2.3% .Jörg Zeuner, chief economist at KfW Bank, said, according to Reuters, that inflation in Germany is expected to ease in the coming months. come because of the fall in energy prices

"Oil prices began to fall"

At closing, the euro traded around 1 : 17 against the dollar The dollar was traded side by side at 110: 98 against the yen

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