SEK: 4Q GDP surprise - TDS

Research Team at TDS, notes that the Sweden’s fourth quarter GDP surprised markets significantly on the upside, rising 1.3% q/q (4.5% y/y), its strongest quarterly pace in over 5 years.

Key Quotes

“Strength was broad-based across components. Upward revisions were also made to previous quarters in 2015, leaving the 2015 growth rate at 3.8% - by far the strongest in the G10; nominal GDP growth in Sweden is now above 6% y/y.”