Market News
Swedish clothing retail sales fell 3.7 percent in December, measured in current prices in identical units, compared with the same month the year before. Shoe sales on the other hand increased by 13.4 percent, a new data from Swedish Trade Federation - Styles which assesses the market in its Style Indices of sales development.
The increasing notices of redundancy, which has gone up sharply Sweden during the autumn of 2012, has been felt by some analysts as that Swedish unemployment would increase.
Danish consumer prices in Denmark fell 0.3 in December from the previous month. Compared with the same month of last year, prices rose 2.0 percent, according to Danish Statistics organisation, statistic Denmark.
One of Lundin companies, Lucara Diamond has found two additional rare so-called blue diamonds in the Karowe mine in Botswana. Companies share shot up in the company's early trading on Tuesday.
Home care services grew in Sweden as demnad increased
Tuesday, 08 January 2013
Swedes are buying more house cleaners and other household services using the discount program for such created by the government.
The Danish housing market has continues to hold the economy down and that attitude has persisted. However, there are slight indications that things may be changing for a better.
The Swedish government's reduction in VAT has been accounted to have create 5000 more jobs but the food prices in restaurants were not cheaper in retrospect, new figures show.
Swedish households have grown to develop increased pessimism about the Swedish labour market and the future does not look rosy, they believe.
Some call it lazy other call it uninterested - this is what happens when many Swedish pensioners and savers failed to grab and benefit from funds that had very high paying penitential.
The growth rate of loans to Swedish households is no longer declining. In November, the annual growth rate increased by 4.6 percent, a slight increase from 4.5 percent in October, according to new figures from Statistics Sweden (SCB). This signals that the earlier downward trend has stalled recently.
Sweden is always classified as leader in competitiveness but an average person will ask - what competitive leader when there are very few big players in the country treating its customers like nothing. This is referred to largely to the telecoms companies which crowd the top position in driving their costumers mad.
The purchasing managers' index for the Swedish industrial sector rose to 44.6 in December from 43.2 months before. Corresponding month last year, the purchasing managers index was 48.9.
Swedish banks' quest for security and improved operating and cost management means that there will be new and fewer ATM machines owned by individual Swedish banks in the coming years but a universal machine that meet all bank customers' need irrespective of their individual banks.
Unlike other declining economies such as the UK, and the debt ridden economies of Southern Europe, Sweden still remain a very competitive economy but its biggest problems is heavy reliance on the European market for its survival given its own small home market base.
An unusual kind of theft has taken place on a Swedish far where 69 cows have been reportedly stolen. Initial investigation points to that the animals already might have been ferried out of the country.
The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade - BBC
Transport and logistics company Green Cargo is laying off 350 people. The company blames the effects of the recession which has hit the transportation more and and weaken the company's finances.
Sweden's producer prices in total were unchanged from October to November. During the same period prices on the export market increased by 0.2 percent and on the import market by 0.4 percent. On the domestic market prices decreased by 0.2 percent.
Staffing firm Poolia warned that revenue in the fourth quarter would be lower than expected, due to the current recession with weak demand for its services, a statement from the company say, according to news reports.
Swedish banks are considering the possibilities of lowering the age limits for people who can have debit card, as such the banks are considering lowering the age down to 10years.
Traders in the Swedish retail sector have seen their confidence plummeted and confidence in both sales and employment have fallen. A new survey from the Swedish Trade Federation has exhibited this phenomenon.
Prices for newly produced dwellings, i.e. the prices paid by investors in Sweden, were lower in 2011 compared to 2010.
Swedish consumer prices fell by 0.2 percent in November from the previous month, new official data from Statistics Sweden (SCB) show. Compared to the corresponding month of 2011 the CPI declined by 0.1 percent.
The Swedish unemployment rate increased in November signally the struggling position the country's economy is maintaining. Nearly 10,000 people were given notices in November, the second month in a row.
Scandinavian is know for some of the most expensive places to live but it has been argue that food price here have been some what stable. But recently it has not been the same as Norway, Denmark and Sweden have emerged as the most expensive countries in terns of gastronomy.
Sweden used to be the centre of organically grown food. People used to folk out as much as it was expensive just to eat what was considered a properly grown product and the trend has been growing for years. But that steams is dying down if latest data is to be correct.
The Swedish government invested millions into the job market training and coaching so that job seekers could quickly get into work. This was seen as a good idea but that has not resulted either job creation or reduced unemployment.
Norwegian currency, the krone has strengthened to a new high level ever and now Goldman Sachs is making a recommendation for its customers to hoard the dollars.
As the Swedish housing sector continues to struggle in terms of sales and development, many real estate brokers are leaving the sector more than ever.
Swedish Purchasing Managers Index, (PMI) which reflects economic activity in the industrial sector, was up in November to 43.2, compared with 43.1 months before. But it is still below the growth barrier of 50 points.
There's a general uncertainty in the Swedish real estate market, and if information from various media reports should be taken seriously then something has to be dome otherwise the Swedish economy could struggle in the nearest future.
From the Swedish perspective some academic courses will ultimately lead to a working career while other will not, so, where are the Swedish jobs on the future?
May Swedes will shrink their Christmas spreading for the first time as they feel hard hit in their wallet this year.
Swedish exports fell by 7 percent in the third quarter of this year, compared with the same period last year. At the same time Swedish exports of goods amounted to SEK 104.6 billion, while imports of goods amounted to SEK 96.6 billion.
credit rating agency, Moody's raises its outlook for Swedish banks to "stable" from "negative", the organisation notified on Monday making it stand at odds with rival Standard & Poor's.
The forthcoming tougher requirements on Swedish banks generate positive effects on the economy. This is the opinion of Finansinspektionen (FI) in its report on bank interest rates and lending for the third quarter. In order for banks to further bolster their resilience, FI today clarifies its view on how much capital the banks should have for their mortgage lending.
Swedish gaming company, Svenska spel could be in trouble if the laws operating in the Swedish gamming industry are spread proportionately. An underground investigative documentary show that the company has been selling gambling chips to minors - something that is against the law.
The shaky Finnish economy has caused banks to become more cautious in the housing loan sector. Over the past few months, bankers say, more is being required of loan applicants and the trend appears to be continuing, reports Yle, Finlands Leading broadcaster.
The increase uncertainty in the Swedish economy where there has been growth in jobs losses and threats of jobs losses in various companies and in different sectors is beginning to have a toll on the Swedish housing market.
Electrolux today issued a SEK 500m bond loan under its EMTN (Euro Medium Term Note) program.
Asia seems to be repelling European fashion houses back home. Increasingly common, small and medium-sized players are seen moving back home from what was a must be environment, Asia.
Sales for the clothing chain Hennes & Mauritz (H&M) rose by four per cent in October compared to October of last year and in local currency.
Swedish unemployment was 7.1 percent in October, not seasonally adjusted, according to latest official figures from Statistics Sweden's Labour Force Survey (LFS). Analysts had expected an unemployment rate of 7.4 percent, thus the fall came as a surprise to most after lost of various bad economic news and indicators.
The Danish pilot association has rejected the offer to sign the comprehensive savings plan that SAS Management presented on Monday.
Alfa Laval has won an order from a major pharmaceutical company in India to supply a processing line for a new insulin plant in Malaysia.
Toyota has launched a recall of 2.8million car with faulty steering wheels and water pumps just a month after calling back more than 7million vehicles with faulty windows.
Of the nearly 400,000 who were unemployed in September 150,000 are missing full compensation, according Unemployment Insurance Unions (SO). Back in 2008, the number without compensation due to lack of unemployment insurance contribution was 50 000.
Jobs seekers, - University graduates, and laid-off workers are roaming around looking for work but employers say they are finding it hard to recruit the right skills. Job seekers are tired of looking for work as politicians talk of the jobs of the future. Which are the so-called jobs of the future?
The Swedish Purchasing managers' index for services (PMI - services) rose to 50.3 in October from 47.2 in September.
Somali immigrants have fared better in the labour market in the United States and Canada than in Sweden, intensifying the question whether the Swedish society and job market is institutionally racist or that the Swedish authorities just lack the skills to harness the knowledge of the Somalis.
Sweden's most expensive addresses are found in Stockholm, Danderyd and Lidingö, a review from real estate establishment, Fastighetsbyrån have produced.
Swedish industrial production decline deepens in October as the producer's Managers Index or the PMI fell to 43.1 in October from 44.7 in September. Compared to same month last year, the purchasing managers' index was 49.8.
The Norwegians and the Danes have been the leading players in influencing the Swedish house market. The Danes, due to their own economic conditions at home, which has led to fall in the prices of Danish houses, have withdrawn from the Swedish property market.
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Swedish clothing sector struggled in December while shoes sales improved
Friday, 11 January 2013Swedish clothing retail sales fell 3.7 percent in December, measured in current prices in identical units, compared with the same month the year before. Shoe sales on the other hand increased by 13.4 percent, a new data from Swedish Trade Federation - Styles which assesses the market in its Style Indices of sales development.
Fear mongering for Swedish increasing layoffs
Thursday, 10 January 2013The increasing notices of redundancy, which has gone up sharply Sweden during the autumn of 2012, has been felt by some analysts as that Swedish unemployment would increase.
Danish consumer prices fall
Thursday, 10 January 2013Danish consumer prices in Denmark fell 0.3 in December from the previous month. Compared with the same month of last year, prices rose 2.0 percent, according to Danish Statistics organisation, statistic Denmark.
New rare diamond find for Lundin Company
Tuesday, 08 January 2013One of Lundin companies, Lucara Diamond has found two additional rare so-called blue diamonds in the Karowe mine in Botswana. Companies share shot up in the company's early trading on Tuesday.
Home care services grew in Sweden as demnad increased
Tuesday, 08 January 2013Swedes are buying more house cleaners and other household services using the discount program for such created by the government.
Spots of bright lights in the troublesome and gloomy Danish housing market
Monday, 07 January 2013The Danish housing market has continues to hold the economy down and that attitude has persisted. However, there are slight indications that things may be changing for a better.
VAT reduction in Sweden created 5,000 more jobs despite initial criticism
Sunday, 06 January 2013The Swedish government's reduction in VAT has been accounted to have create 5000 more jobs but the food prices in restaurants were not cheaper in retrospect, new figures show.
Swedish people are feeling depressed about their future jobs situation
Friday, 04 January 2013Swedish households have grown to develop increased pessimism about the Swedish labour market and the future does not look rosy, they believe.
How shopping around for better fund would have generated lots of money for Swedish pensioners
Friday, 04 January 2013Some call it lazy other call it uninterested - this is what happens when many Swedish pensioners and savers failed to grab and benefit from funds that had very high paying penitential.
Swedish household borrowing starts rising again
Thursday, 03 January 2013The growth rate of loans to Swedish households is no longer declining. In November, the annual growth rate increased by 4.6 percent, a slight increase from 4.5 percent in October, according to new figures from Statistics Sweden (SCB). This signals that the earlier downward trend has stalled recently.
Swedish companies that that drive their customers' crazy in 2012
Wednesday, 02 January 2013Sweden is always classified as leader in competitiveness but an average person will ask - what competitive leader when there are very few big players in the country treating its customers like nothing. This is referred to largely to the telecoms companies which crowd the top position in driving their costumers mad.
Sweden's PM for December remains at a deteriorated level - 44.6
Wednesday, 02 January 2013The purchasing managers' index for the Swedish industrial sector rose to 44.6 in December from 43.2 months before. Corresponding month last year, the purchasing managers index was 48.9.
Fewer ATM machines in Sweden as uniforms machines become instituted.
Monday, 31 December 2012Swedish banks' quest for security and improved operating and cost management means that there will be new and fewer ATM machines owned by individual Swedish banks in the coming years but a universal machine that meet all bank customers' need irrespective of their individual banks.
Source of Swedish economic gloom: weak exports as net trade decreased in November.
Friday, 28 December 2012Unlike other declining economies such as the UK, and the debt ridden economies of Southern Europe, Sweden still remain a very competitive economy but its biggest problems is heavy reliance on the European market for its survival given its own small home market base.
Cows stolen from farmers in a strange king of new crimes
Wednesday, 26 December 2012An unusual kind of theft has taken place on a Swedish far where 69 cows have been reportedly stolen. Initial investigation points to that the animals already might have been ferried out of the country.
Norway's Statoil to invest big in the North Sea oil field, bringing hundreds of jobs to the north east of Scotland - BBC
Friday, 21 December 2012The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade - BBC
Logistic company, Green Cargo crushed 350 jobs
Thursday, 20 December 2012Transport and logistics company Green Cargo is laying off 350 people. The company blames the effects of the recession which has hit the transportation more and and weaken the company's finances.
Sweden Producer Price Index remain unchanged month on month
Thursday, 20 December 2012Sweden's producer prices in total were unchanged from October to November. During the same period prices on the export market increased by 0.2 percent and on the import market by 0.4 percent. On the domestic market prices decreased by 0.2 percent.
Staffing company, Poolia sounds profit warning
Tuesday, 18 December 2012Staffing firm Poolia warned that revenue in the fourth quarter would be lower than expected, due to the current recession with weak demand for its services, a statement from the company say, according to news reports.
Children under ten can get debit cards as Swedish banks get desperate or...?
Monday, 17 December 2012Swedish banks are considering the possibilities of lowering the age limits for people who can have debit card, as such the banks are considering lowering the age down to 10years.
Dealers in the Swedish retail sector feeling depressed about the future
Monday, 17 December 2012Traders in the Swedish retail sector have seen their confidence plummeted and confidence in both sales and employment have fallen. A new survey from the Swedish Trade Federation has exhibited this phenomenon.
Falling prices for newly constructed houses in Sweden
Friday, 14 December 2012Prices for newly produced dwellings, i.e. the prices paid by investors in Sweden, were lower in 2011 compared to 2010.
Swedish consumer prices continue to fall as inflation rate hits -0.1 percent
Thursday, 13 December 2012Swedish consumer prices fell by 0.2 percent in November from the previous month, new official data from Statistics Sweden (SCB) show. Compared to the corresponding month of 2011 the CPI declined by 0.1 percent.
Sweden unemployment increased as rate edge to 7.5 percent as November continues to stress the Swedish job market
Thursday, 13 December 2012The Swedish unemployment rate increased in November signally the struggling position the country's economy is maintaining. Nearly 10,000 people were given notices in November, the second month in a row.
Scandinavian countries leader Europe with the most expensive food
Tuesday, 11 December 2012Scandinavian is know for some of the most expensive places to live but it has been argue that food price here have been some what stable. But recently it has not been the same as Norway, Denmark and Sweden have emerged as the most expensive countries in terns of gastronomy.
Interest in organic food in Sweden dying down
Sunday, 09 December 2012Sweden used to be the centre of organically grown food. People used to folk out as much as it was expensive just to eat what was considered a properly grown product and the trend has been growing for years. But that steams is dying down if latest data is to be correct.
Billion invested in job market coaching did not lead to more Swedish jobs
Thursday, 06 December 2012The Swedish government invested millions into the job market training and coaching so that job seekers could quickly get into work. This was seen as a good idea but that has not resulted either job creation or reduced unemployment.
Norwegian Krona strengthen to a record level
Tuesday, 04 December 2012Norwegian currency, the krone has strengthened to a new high level ever and now Goldman Sachs is making a recommendation for its customers to hoard the dollars.
Swedish real estate brokers gradually dissipate as many leave their profession
Monday, 03 December 2012As the Swedish housing sector continues to struggle in terms of sales and development, many real estate brokers are leaving the sector more than ever.
Sweden's PMI rises slightly breaking the decline for the past months
Monday, 03 December 2012Swedish Purchasing Managers Index, (PMI) which reflects economic activity in the industrial sector, was up in November to 43.2, compared with 43.1 months before. But it is still below the growth barrier of 50 points.
Pressing problems in the Swedish real estate sector could spell problems to the perceived balanced economy
Wednesday, 28 November 2012There's a general uncertainty in the Swedish real estate market, and if information from various media reports should be taken seriously then something has to be dome otherwise the Swedish economy could struggle in the nearest future.
Where are the jobs of the future going to be?
Wednesday, 28 November 2012From the Swedish perspective some academic courses will ultimately lead to a working career while other will not, so, where are the Swedish jobs on the future?
Swedes enter subdued Christmas spending mood this year
Wednesday, 28 November 2012May Swedes will shrink their Christmas spreading for the first time as they feel hard hit in their wallet this year.
Declines in Swedish exports but net trade surplus reached Skr 8.0 billion in October
Tuesday, 27 November 2012Swedish exports fell by 7 percent in the third quarter of this year, compared with the same period last year. At the same time Swedish exports of goods amounted to SEK 104.6 billion, while imports of goods amounted to SEK 96.6 billion.
MOODY'S, impressed with Swedish banks
Monday, 26 November 2012credit rating agency, Moody's raises its outlook for Swedish banks to "stable" from "negative", the organisation notified on Monday making it stand at odds with rival Standard & Poor's.
The economy will benefit from stricter requirements on banks as Sweden Finansinspektionen (FSA) Proposes tougher requirements on Swedish banks mortgage lending requirement
Monday, 26 November 2012The forthcoming tougher requirements on Swedish banks generate positive effects on the economy. This is the opinion of Finansinspektionen (FI) in its report on bank interest rates and lending for the third quarter. In order for banks to further bolster their resilience, FI today clarifies its view on how much capital the banks should have for their mortgage lending.
Svenska spel to be scrutinized after TV report show unfair trading
Monday, 26 November 2012Swedish gaming company, Svenska spel could be in trouble if the laws operating in the Swedish gamming industry are spread proportionately. An underground investigative documentary show that the company has been selling gambling chips to minors - something that is against the law.
Finnish banks tighten belts on housing loans
Thursday, 22 November 2012The shaky Finnish economy has caused banks to become more cautious in the housing loan sector. Over the past few months, bankers say, more is being required of loan applicants and the trend appears to be continuing, reports Yle, Finlands Leading broadcaster.
Persistent threats of jobs losses kill Swedish housing market
Tuesday, 20 November 2012The increase uncertainty in the Swedish economy where there has been growth in jobs losses and threats of jobs losses in various companies and in different sectors is beginning to have a toll on the Swedish housing market.
Electrolux issues bond loan
Tuesday, 20 November 2012Electrolux today issued a SEK 500m bond loan under its EMTN (Euro Medium Term Note) program.
Growing cost and quest for quality calling back European fashion firms from Asia back to Europe
Monday, 19 November 2012Asia seems to be repelling European fashion houses back home. Increasingly common, small and medium-sized players are seen moving back home from what was a must be environment, Asia.
Poor H&M sales for October than expected
Thursday, 15 November 2012Sales for the clothing chain Hennes & Mauritz (H&M) rose by four per cent in October compared to October of last year and in local currency.
Surprise fall in Swedish unemployment than expected
Thursday, 15 November 2012Swedish unemployment was 7.1 percent in October, not seasonally adjusted, according to latest official figures from Statistics Sweden's Labour Force Survey (LFS). Analysts had expected an unemployment rate of 7.4 percent, thus the fall came as a surprise to most after lost of various bad economic news and indicators.
Danish pilot rejects the terms of the Scandinavian airliners' saving plan
Wednesday, 14 November 2012The Danish pilot association has rejected the offer to sign the comprehensive savings plan that SAS Management presented on Monday.
Alfa Laval wins SEK 90 million pharmaceutical order in India
Wednesday, 14 November 2012Alfa Laval has won an order from a major pharmaceutical company in India to supply a processing line for a new insulin plant in Malaysia.
Toyota recalls 2.8 million cars, 12,710 cars in Sweden to resolve technical issues
Wednesday, 14 November 2012Toyota has launched a recall of 2.8million car with faulty steering wheels and water pumps just a month after calling back more than 7million vehicles with faulty windows.
150,000 Swedish unemployed without a form of unemployment support and compensation
Wednesday, 14 November 2012Of the nearly 400,000 who were unemployed in September 150,000 are missing full compensation, according Unemployment Insurance Unions (SO). Back in 2008, the number without compensation due to lack of unemployment insurance contribution was 50 000.
Where are really the so-called jobs of the future?
Thursday, 08 November 2012Jobs seekers, - University graduates, and laid-off workers are roaming around looking for work but employers say they are finding it hard to recruit the right skills. Job seekers are tired of looking for work as politicians talk of the jobs of the future. Which are the so-called jobs of the future?
Swedish PMI for services rose to 50.3 in October as decline in the service sector remain stagnated
Monday, 05 November 2012The Swedish Purchasing managers' index for services (PMI - services) rose to 50.3 in October from 47.2 in September.
Somalis find it easier to obtain a job and career in other leading countries than Sweden
Monday, 05 November 2012Somali immigrants have fared better in the labour market in the United States and Canada than in Sweden, intensifying the question whether the Swedish society and job market is institutionally racist or that the Swedish authorities just lack the skills to harness the knowledge of the Somalis.
Where the Swedish most expensive homes found - Stockholm
Thursday, 01 November 2012Sweden's most expensive addresses are found in Stockholm, Danderyd and Lidingö, a review from real estate establishment, Fastighetsbyrån have produced.
Tough for Swedish industrial production as PMI fell to 43.1 in October
Thursday, 01 November 2012Swedish industrial production decline deepens in October as the producer's Managers Index or the PMI fell to 43.1 in October from 44.7 in September. Compared to same month last year, the purchasing managers' index was 49.8.
Another example of Nordic co-operation, How Norwegians and Danes are influencing the Swedish real estate market
Wednesday, 31 October 2012The Norwegians and the Danes have been the leading players in influencing the Swedish house market. The Danes, due to their own economic conditions at home, which has led to fall in the prices of Danish houses, have withdrawn from the Swedish property market.
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