Financial News: Sweden Trade Surplus Shrinks In March

Sweden Trade Surplus Shrinks In March

04/26/2024 - 03:29:00 (RTTNews)

(RTTNews) - Sweden's foreign trade surplus decreased notably in March from a year ago as exports fell faster than imports, figures from Statistics Sweden showed on Friday.

The trade surplus dropped to SEK 4.8 billion in March from SEK 10.6 billion in the corresponding month last year. In February, the surplus was SEK 10.9 billion.

The value of exports plunged 11.0 percent in March from last year, and imports slid by 8.1 percent.

The non-EU trade balance showed a surplus of SEK 23.0 billion in March, while the trade balance with the EU revealed a deficit of SEK 18.2 billion.

On a seasonally adjusted basis, the trade surplus was SEK 3.4 billion in March, compared to SEK 4.0 billion in the previous month.

Separate official data showed that household lending increased at a faster rate of 0.6 percent annually in March versus a 0.4 percent rise a month ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Retail Sales Slump 0.4% In March (30 min(s), 04 sec(s) ago)
(RTTNews) - The value of retail sales in Australia was down a seasonally adjusted 0.4 percent on m ...Full Story»

Japan Services Sector Accelerates In April - Jibun (01 hr(s), 54 min(s), 04 sec(s) ago)
(RTTNews) - The services sector in Japan continued to expand in April, and at a faster pace, the l ...Full Story»

Australia Interest Rate Decision Due On Tuesday (05 hr(s), 04 min(s), 04 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting and then announ ...Full Story»

Brazil Services Growth Remains Strong In April (13 hr(s), 39 min(s), 04 sec(s) ago)
(RTTNews) - Brazil's service sector continued to expand at a solid pace in April amid sustaine ...Full Story»

Eurozone Private Sector Growth Accelerates In April (13 hr(s), 54 min(s), 04 sec(s) ago)
(RTTNews) - The euro area private sector growth accelerated to an 11-month high in April driven by ...Full Story»

Spain Unemployment Lowest Since 2008 (14 hr(s), 53 min(s), 04 sec(s) ago)
(RTTNews) - Spain's unemployment declined sharply in April to the lowest level since September ...Full Story»

South African Private Sector Logs Marginal Expansion (15 hr(s), 20 min(s), 04 sec(s) ago)
(RTTNews) - South Africa's private sector activity signalled a moderate expansion in April as ...Full Story»

Eurozone Sentix Investor Confidence Rises For 7 Straight Months (16 hr(s), 10 min(s), 04 sec(s) ago)
(RTTNews) - Eurozone investor confidence improved for the seventh straight month in May to hit the ...Full Story»