Sweden’s merchandise trade surplus increased in March from the previous month as well as from a year ago, preliminary data from Statistics Sweden showed on Monday.
The visible trade surplus grew to SEK 7 billion in March from SEK 6.3 billion in February.
A year ago, the surplus was SEK 1.6 billion.
The value of exports up 9 percent year-on-year and imports rose 4 percent.
Trade in goods with non-EU countries led to a surplus of SEK 16.9 billion, while EU trade resulted in a deficit of SEK 9.9 billion.
On a seasonally adjusted basis, the trade surplus was SEK 4 billion in March versus SEK 3.5 billion in February.
In the January to March period, exports grew 10 percent year-on-year and imports rose 4 percent. The trade surplus was SEK 16.6 billion versus SEK 4.1 billion a year ago.
Separately, the agency reported that the annual growth rate of Swedish households’ loans from financial institutions decreased by 0.2 percentage points month-on-month to 5 percent in March.
Further, the statistical office said labor costs increased 1.7 percent year-on-year for wage earners and by 2 percent for salaried employees in February.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Sweden Trade Surplus Grows In March