Andreas Jonsson News
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Swedish industrial production fell in January after falling foreign demand hurt exports.
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Sweden’s reliance on exports to Europe has turned Scandinavia’s erstwhile strongest economy into the region’s laggard as job losses undermine demand.
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Sweden’s krona strengthened after retail sales rose more than estimated last month, easing pressure on the central bank to cut interest rates.
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Swedish economic growth unexpectedly accelerated in the second quarter, underlining the likelihood that the central bank will press ahead with planned interest- rate increases to cool Europe’s biggest economic expansion.
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Swedish retail sales unexpectedly rose for a sixth month in March as lower interest rates and falling unemployment fueled consumer confidence.
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Sweden’s Riksbank kept benchmark interest rates unchanged at their lowest level since early 2011 and said further easing has become more probable as growth slows in the largest Nordic economy.
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Sweden’s central bank kept its benchmark interest rate unchanged and signaled fewer increases to safeguard an expansion in the largest Nordic economy as European leaders struggle to contain the debt crisis.
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Sweden’s central bank raised its benchmark repo rate for a sixth time since July, and kept a forecast for coming increases unchanged, as it seeks to cap inflation in the European Union’s fastest-growing economy.
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Swedish consumer confidence unexpectedly dropped this month amid rising unemployment and slowing growth in the largest Nordic economy.
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Sweden pledged to keep budget surpluses intact as Europe’s debt crisis and slowing U.S. growth threaten to stifle the largest Nordic economy’s expansion.
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