Expectations spoke on a GDP-lift with 0.5 percent in the fourth quarter compared with the previous quarter and plus 1.6 percent compared with a year earlier. The numbers were greatly ashamed when SCB today published new statistics.
GDP growth accelerated instead of 1.1 percent in the fourth quarter and 2.7 percent in one year. For 2014, attributed the increase to 2.1 percent.
– There is relatively good pressure in the Swedish economy, says SEB’s Chief Economist Robert Bergqvist to SvD Business.
Household consumption rose 0.9 percent compared with the third quarter. Public consumption increased 0.5 percent and exports rose by 2.7 percent. Imports rose 2.8 percent.
Robert Bergqvist notes that there is a broad upturn. It is no longer just the households who benefit. Both investment, household consumption went well and exports surprised positively.
– Exports seems to be underway. Compared to many other countries, we have a good development, says Robert Bergqvist.
The question then is what GDP figures means the Riksbank which is fighting hard to push up the low inflation. According to Robert Bergqvist, it is good that the numbers upside surprise, the opposite would have been worse for the Riksbank.
– They can enjoy GDP growth reduces the pressure on the Riksbank, says Robert Bergqvist.
Another aspect of the strong growth is the risk that the Swedish krona strengthens, which the Riksbank reluctant desire.
– This morning, the krona appreciated by 5-6 cents and would we get a rapid appreciation of the krona can inflationary impulses, which the Riksbank wants to see through an undervalued currency erased.
He also notes that the economy at the beginning of the year looks good.
During Friday morning was presented namely statistics from retail sales, which proved to be strong. Sales volume increased by 5.1 percent in January compared with the same month in 2014. Grocery sales grew by 2.1 percent, while durable goods rose by 7.7 percent.
– We believe that although 2015 may be a reasonably good economic development We revises down our growth forecast for the year, says Robert Bergqvist.
Statistics announced week that as from the publication of fourth-quarter national accounts will focus on the seasonally adjusted development of the previous quarter.
Stockholm Stock Exchange moves around zero after the announcement.
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