Sweden Trade Surplus Grows In March

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

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply