Riksbank Q3 Business Survey is here. Initial headlines/summary screens dovish on net, but we still think the bar to another rate cut is high (and economic weakness suggesting another cut was needed would have to be confirmed by hard data)
Title: “We’re waiting for the upturn”
- "Sweden’s major companies describe the economic situation as a long and protracted slump that has not improved since the spring. Industrial activity has weakened, while the trade sector is reasonably satisfied with the situation. "
- "Sweden’s major companies describe the economic situation as a long and protracted slump that has not improved since the spring. Industrial activity has weakened, while the trade sector is reasonably satisfied with the situation.
- "Households are still perceived to be cautious and keeping a tight grip on their wallets. Businesses are hopeful that a lower level of interest rates and upcoming fiscal policy stimulation measures will boost demand and investment, but they expect it to take time."