The krona more favorable to Swedish exporters

AB Svensk Exportkredit (SEK) today presents the third edition of the Export credit trends survey. We have asked several different questions to more than 200 companies. Read the entire Export credit trends survey at www.sek.se.

 
Highlights in the survey:

• The overall export credit index has risen from 55 in December last year to 58, reflecting a more favorable financial situation for companies and an improved market climate.

• We see a change in trend from previous surveys related to the krona. In this survey almost 40 percent of the companies view the current value of the krona being favorable compared with only 6 percent in December.

• It is the smaller companies that are more optimistic about the opportunities for job creation in Sweden. The index has increased to 68 from 61. In contrast, large companies indicate a greater likelihood of cutbacks with an index just below 50.

• Just under 40 percent of companies impose regular sustainability requirements in export sales. But among those companies that do, we are seeing a sharp rise in the percentage of companies planning to further tighten these requirements over the coming years.

 
CONTACT
Edvard Unsgaard, Head of Communications, SEK +46 706 21 84 88
Marie Giertz, Chief Economist, SEK +46 8 613 83 32

ABOUT THE EXPORT CREDIT TRENDS SURVEY
The target group is all exporting companies with a minimum export volume of Skr 25 million and whose exports account for at least 50 percent of sales. The selection of companies is made by Statistics Sweden based on the VAT register. The survey is statistically assured. A total of 232 companies responded to the survey. The overall response rate was 51 percent.

ABOUT SEK
The mission of the Swedish Export Credit Corporation (SEK), which is wholly owned by the Swedish state, is to ensure access to financial solutions for the Swedish export industry on commercial terms. SEK principally carries out its mission by assisting with end-customer finance, which involves SEK providing lending to the customers of Swedish exporters, and through direct finance. Total new lending in 2013 amounted to Skr 55.7 billion.

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