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Economic Improvement

Published tisdag 22 november 2005 kl 11.45
Retailers are hoping for healthy holiday shopping

Statistics Sweden reports that living standards here improved last year for the ninth year in a row.

Despite an increase in unemployment, the agency says Swedish household disposable incomes rose by 2 percent during 2004. Since the early 90’s, there’s been a 25 percent increase.

Economists at the SEB Bank say the labor market is improving now as well. In a new forecast, the bank says growth next year should exceed three percent, with open unemployment dropping to 5.1 percent.

A separate report from Swedebank and the Federation of Private Enterprises says the situation for small companies is improving, largely due to rising exports because of the current low value of the Swedish krona.

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