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Will Brexit and turmoil in the Middle East lower the export temperature?

Swedish exports lost momentum in the beginning of the year and subsequently not achieving projections in the second quarter. In both exports of goods and services we notice a slowdown. This is an indication that the Swedish export companies were too optimistic in the last survey of Swedish export managers.

- The Swedish export temperate continued to rise in the previous survey when the Export Managers’ Index rose to 58.8. Companies’ expectations on export sales and profitability three months ahead rose strongly in the second quarter. It will be interesting to see how companies perceive the recent development and what they expect from the near future, says Lena Sellgren Chief Economist at Business Sweden.

The global economy is growing at a moderate pace and world trade has slowed down, Business Sweden expect that exports sales are facing a relatively weak development.

For additional information, contact:

Elisabeth Somp, Head of Media Relations at Business Sweden

T: +46(0)72-540 93 38 E: elisabeth.somp@business-sweden.se

Business Sweden’s purpose is to help every Swedish company to reach their full international potential and companies abroad to reach their full potential through investments in Sweden. We help our customers through strategic advice and hands-on support. Business Sweden is owned by the Swedish Government and the industry. Business Sweden was founded on the first of January, 2013, by a merger of the Swedish Trade Council (Exportrådet) and Invest Sweden.

24 September 2016