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Swedish external sources of money, exports, continues to grow in a weak manner

Wednesday, 07 March 2012
Swedish export orders fell faster but decrease in demand from the domestic market will slow down slightly.

According to organisation, Teknikföretagen’s economic barometric assessment of the Swedish exports which for the first quarter, shows that there will be a fall in exports and including declines in capacity utilization according to a press release.

A positive interpretation is that the rate of fall is somewhat less pronounced compared to the end of last year, according to Teknikföretagen’s chief economist, Anders Rune in a statement.

Export Indicator for technology companies in total fell to -21 for the first quarter, from -6 in the fourth quarter. Domestic market indicator rose simultaneously to -11 from -31.
It is mainly in the transport industry where demand has deteriorated considerably during the first quarter.

New to the assessment is a cumulative accounting of supplier companies in which suppliers reduces orders at slightly higher levels than for the technology companies combined, but the pace of fall, is more stable.

Export Indicator for companies delivery total was unchanged at -23 first quarter versus the fourth quarter. Domestic market indicator rose simultaneously to -27 from -37.

The survey includes data from 501 companies / corporations which have combined sales of Skr577 billion from their plants in Sweden, of which 77 percent are exported.
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