PMI drops to 49.0 in May – industrial economy flags as new orders numbers sag
Swedbank’s Annual General Meeting decided on March 27, 2012 to reduce the share capital through cancellation of shares. The reduction was registered by the Swedish Companies Registration Office and the shares were cancelled in May 2012. As per May 31, 2012 there
are 1,132,005,722 shares and votes in Swedbank AB.
Too little policy adjustment in the euro area
On 25 May, Latvia’s Sustainability Index assessment results for 2012 were announced and Swedbank in Latvia was awarded the Gold Status. Swedbank also received the Family Friendly Business title which is awarded by the Ministry of Welfare in cooperation with the Sustainability Index.
Europe’s ‘growth star’ is losing luminosity – but remains among the region’s strongest economies
Average real wage up for the third quarter in a row
The real net wage still negative in the 1Q 2012, but expected to enter the positive territory later this year
Swedbank in Estonia has been elected the Most Reputable Large Company in Estonia 2012. This is the fifth consecutive year that Swedbank holds the position of being reputation leader and the best-known company among large companies in Estonia.
In the mid 1990s the question of Sweden joining the future EMU was investigated. Economists and political scientists said there were several advantages with a monetary union but also disadvantages.
Three times per year, Swedbank Economic Research Department publishes a forecast of global economic development; Swedbank Economic Outlook. We now present the latest edition, from April 2012, in a brand new way – as an animated short film, presented by Cecilia Hermansson, Chief Economist at Swedbank. The forecast covers international, Swedish and Baltic economic development over the next two to three years.
Swedbank Robur’s CEO Thomas Eriksson has decided to leave the company to become the new CEO of Carnegie. The Board has appointed Marianne Nilsson, Swedbank Robur’s deputy CEO, as acting CEO.
The Stockholm stock exchange plunged directly at start of trading on Friday erasing all of the gains it had made since the beginning of the year. The main reason for this is renewed concern about the euro crisis and the weak US data.
Annual employment growth at 2.6% in the first quarter of 2012
Unemployment increased temporary in the first quarter of this year
Europe: A more balanced mix of austerity and growth
Swedbank is best in Sweden in equity derivatives, according to TNS SIFO Prospera’s first ranking of equity derivatives trading in Sweden. The study, which is based on interviews with 42 institutions, includes 10 Nordic and 12 international brokerages.
Employment up by 3.9% in the first quarter
We are increasingly hearing that Europe must choose between tightening government finances and creating growth. Naturally, growth sounds friendlier than austerity. Not so long ago, the financial markets wanted budget consolidation. Without a fiscal pact with budget discipline, the European Central Bank (ECB) was unable to lend to banks to prevent credit tightening and to stabilise the situation. Now, when the financial markets are calmer - and recession is a fact - growth is wanted instead.
The recovery in the global economy has lost momentum during the spring, particularly in EMU-area but also in the emerging markets. Uncertainties about the strength in the global economy has also affected the commodity market, where we have seen a broad price decrease in April, from crude oil, metals to soft commodities like food. The Swedbank total commodity price index fell by 3,3% in April compared with the previous month. The largest price decreases was for metals and crude oil, which however could be a positive impact on the global economy.
This week Swedbank in Lithuania received the Responsible Business Award in the Environmental category for engaging and educating clients and suppliers in the area of sustainable development. The selection committee considered implementation of the sustainability analysis in the credit process, the suppliers' assessment of quality and environment form in procurement as important steps in raising awareness of sustainability issues in the country.