The number of business failures in Sweden declined in February by 21 percent, continuing the positive trend of the last few months, a new report shows.
The number of Swedish firms filing for bankruptcy declined by 14 percent in January in comparison with the corresponding month in 2009. 484 companies went to the wall during the month.
Swedish truck maker Volvo said on Tuesday that its worldwide truck deliveries had plunged 21 percent in November and warned it would be forced to halt its European production for up to 25 days in the first quarter of 2009.
Swedes are still expected to spend more than last year during the Christmas period despite the global financial crisis, though the increase will be less than usual, a trade group said on Saturday.
Swedish voters have given a resounding expression of support for the government and the Riksbank for their handling of the financial crisis so far, a new poll from Synovate published in Dagens Nyheter shows.
The G7 group of leading industrialized nations agreed on Friday to take united action to tackle the financial crisis. Swedish bank SEB's leading economist is unimpressed by the plan.
Despite higher interest rates, rising prices, and signs of slowing economy, Swedes have yet to curb their borrowing habits, according to new statistics.
