Services PMI falls to 47.4 in June – fewer jobs in service companies as economy cools
Purchasing Managers´Index - Services,
Today I will participate in three seminars, all related to what Swedbank is working hard for- and will continue to work hard for.
Sometimes journalists ask me if I would not like to do something more socially engaging than working in a bank. I usually answer that I honestly cannot see anything more important in society right now than to ensure there are solid banks.
PMI drops to 48.4 in June – weak global economy prompts Swedish manufacturing industry to shift into a lower gear
Information material on the crisis in the euro area and the macro economic effects on our home markets.
Swedbank’s interim report January – June 2012 will be published at 06.30 CET on Wednesday, 18 July, 2012. You are invited to participate in the following presentations:
Is there a clash of interests between short- and long-term crisis solutions in the euro area?
To the Point,
The economic crisis in the Euro zone is hastening integration in the Euro zone by linking together the financial policies of the Euro countries and supervision of the banks. It is hard to see any other way forward, as the crisis clearly shows that a currency union cannot be held together by a common monetary policy alone. Up to now, politicians have focused on one obstacle at a time without making any progress, but by also looking at all the government finances and bank as a whole, the Euro zone – to use a football metaphor - is running onto the ball.
Lithuania needs more investments to improve competitiveness
Export demand is shaky – and concerns among households and businesses are growing as summer begins
Everyone is talking about the need for growth in the eurozone crisis countries, both to keep society together and to facilitate debt reduction and savings programmes. At the same time it is obvious that borrowing to finance investment is no longer viable - the budget deficits cannot once again be allowed to grow. So how should growth be created?
More stable growth ahead
The political week in Almedalen is an important forum for Swedish societal debate. For the 13th consecutive year, Swedbank will be there arranging seminars on current topics related to economy and societal engagement.
Post-election Greece: 10 questions and answers
The financial markets breathed a sigh of relief at Sunday’s Greek election results - where the New Democracy party won the most votes and is expected to form a government with the Socialist party Pasok - and that the immediate threat of a "Grexit" with an ensuing euro collapse has thereby been averted.
Knut Hallberg, Senior Economist at Large Corporate & Intitutions, Swedbank, comments on the Greece election and its effect on the financial markets.
The housing affordability index (HAI) increased to 104.9 in Vilnius and 155.3 in Tallinn, but decreased to 136.8 in Riga
Housing Affordability Index,
On Tuesday, 12 June, the results of the Latvian Business Reputation Top 2012 were announced and Swedbank was ranked 2nd in the overall reputation top. Swedbank was also named as the employer with the best reputation in Latvia.
Once again the past week has been full of significant variations. Probably the most important positive signal for the markets was that the Chinese central bank cut deposit and lending rates by 25 basis points.
Swedbank's Donation Environment in Estonia “I Love Helping”, which celebrates its fourth birthday in June, is still the largest and most effective donation environment in Estonia and already unites tens of thousands of donors.