Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Swedish Krona Weakens After Fourth Quarter GDP Misses Estimates

Don't Miss Out —
Follow us on:

Feb. 29 (Bloomberg) -- Sweden’s krona slid against the euro and was weaker against all of its 16 major peers after a report showed the nation’s economy contracted more than analysts estimated in the fourth quarter.

The krona slipped 0.2 percent to 8.8321 per euro at 8:35 a.m. London time. It was 0.1 percent weaker versus the dollar at 6.5587.

Gross domestic product fell a seasonally adjusted 1.1 percent in the three months through December, Stockholm-based Statistics Sweden said today. That compared with a median estimate for a 0.7 percent contraction in a Bloomberg survey of 15 economists.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.