New data Construction Output YoY (Jan)
3/10/2025
actual -6.1, previous 3.4
The Construction Output YoY (Year-over-Year) for January in Sweden is a key economic indicator that measures the annual percentage change in the value of construction output. In this event, the actual value reported is -6.1%, which indicates a decrease compared to the previous value of 3.4%. The actual figure fell short of the estimated value of 4%, showing a significant deviation. This negative change of -9.5 from the previous value represents a 279.41% decrease.Given the low impact of this event, it may have a limited effect on the Swedish economy and the SEK currency. However, a decline in construction output could signal a slowdown in the construction sector, which may have implications for employment, investment, and overall economic growth in Sweden.
This is not investment advice. Remember to verify the information provided here.
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