Trade Surplus Halved in One Month
Sweden’s trade surplus dipped to 933 billion dollars in August, less than half the figure the month before.
According to Statistics Sweden, the trade surplus is expected to be less this year than in 2004, as company exports, which benefited from demand in the United States and Asia last year, are seeing a slight downturn.
The Social Democratic government says it expects to see domestic demand and investment to take over as the driver of the economy this year and next, and help bring down stubbornly high unemployment.
The Swedish Labor Market Board reported Monday that unemployment dropped by just under 6000 people here last week, but is still above last year’s level by around 7500.