🇸🇪 Our email is down, sorry. Here is the link to our comment on Q1 GDP and the revision of previous years: bit.ly/454PFcr

🇸🇪 Weak hard data for April underline that the recovery is fragile. Consumption and especially order intake to the manufacturing industry stand out. ➡️ bit.ly/3VeCMYx

🇸🇪 After several months with downward surprises, inflation came out higher than we had expected. We still see inflation below the Riksbank's forecast and thus more rate cuts than the bank signals. ➡️ bit.ly/45t4Pbp

🇸🇪 Seasonal adjustments are tricky, not least for LFS data. Weak numbers for May. ➡️ bit.ly/3Xsf9ys Susanne Spector

🇸🇪 June inflation was low. A rate cut in August is a done deal, and very much suggest that the Riksbank will take action in September as well. Comment ➡️ bit.ly/4f0HBxD

🇸🇪 GDP dropped by 0.8% q/q in Q2 according to SCB's flash, most likely due to sluggish domestic demand. ➡️ bit.ly/4doG0Al

🇸🇪 July PMI below 50 and order intake plummeted - mainly summer noise. If anything, the report supports our view that the recovery will be bumpy and gradual. ➡️ bit.ly/3WL0ldn

🇸🇪 Consumption concerns. ➡️ bit.ly/3M1sln7

🇸🇪 July inflation preview: Core hitting the target & inflation remains below Riksbank's view. ➡️ bit.ly/3X7jO8F

🇸🇪 Governor Thedéen in June: "...somewhat weaker development in the labour market is one reason why I believe that we should proceed somewhat faster with the rate cuts." Agree.

🇸🇪 Riksbank added one additional rate cut in its guidance. A policy rate at 2.75% by year-end increasingly likely. The SEK stable. ➡️ bit.ly/3Ax54XL

🇸🇪 Unemployment 8.6% in July. The labour market is indeed an argument for rate cuts.➡️ bit.ly/4dY4lgJ

🇸🇪 No drama in the Q2 GDP numbers. GDP was revised upwards to -0.3% q/q, largely as expected. GDP has been stagnate for almost three years. Depressed domestic demand. ➡️ bit.ly/3X3Uor5

🇸🇪 NIER's Tendency Survey - stagnant. GDP fell in Q2 and there is not much improvement in Q3. Rate cuts needed. ➡️ bit.ly/3X3CtAH

🇸🇪 Core inflation as expected in August, but the composition was dovish as services inflation was lower than forecast. 50bp rate cut nevertheless unlikely in September. ➡️ bit.ly/4dYCcXb

⬇️Heads-up! Swedish flash CPIF and CPIF ex energy as from the September reading due 8 Oct! ⬇️

🇸🇪 Riksbank's message largely as expected. 25bp rate cuts in the pipeline, but the door is open ajar for a bigger move in November or December. ➡️ bit.ly/47Gypvp

🇸🇪 A parliamentary committee will today propose that the surplus target for public finances will be replaced with a balance target => expected + more expansionary fiscal policy. But effects should not be exaggerated. ➡️ bit.ly/Economic-Outlo…