We assume that Swedish output recovered about two thirds of August’s precipitous plunge in September, and that preliminary Q3 GDP data due for release next week will show that the economy grew by 0.7% q/q in the quarter. But the risks lie to the downside. Meanwhile, following the weakness of the euro-zone PMIs in October and amid growing signs of supply shortages biting, the releases of the ETI from Sweden and the KOF from Switzerland are likely to show that manufacturing output weakened at the start of Q4.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services