Sweden production unexpectedly advanced in June

Source: RTTNews
Sweden's industrial output rose first in five months, opposing analysts' forecast of a further decline, preliminary data reported by Statistics Sweden on Tuesday. Industrial production surged 1.1% on year, compared to estimated 1.1% decline. Manufacturing production rose 0.8% from June, and mining and quarrying industry output increased 5%.
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Tue, 14 Aug 2012 12:25:29 GMT

Sweden inflation slows more than expected

Sweden's inflation weakened to 0.7% in July from 1% in preceding month, Statistics Sweden reported on Tuesday, while analysts forecast a rate of 0.8%. The CPI dropped 0.4%, compared to a 0.2% decline in June. Core inflation was 0.8% in July, while harmonized index of consumer prices posted a 0.7% rise on year.

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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