Swedish GDP Falls 0.1% QoQ in Q2


In Q2, Sweden's gross domestic product contracted 0.1 compared to the previous quarter. This is 0.2 percentage points lower than the rate registered in Q1, mainly due to weaker-than-expected private consumption. On an annual basis, economic growth slowed to 0.6 percent from 1.7 percent in Q1.

Changes in inventories contributed 0.6 percentage points to GDP growth and gross fixed capital formation decreased by 2.7 percent. Exports decreased by 3.2 percent and imports decreased by 2.8 percent. Both household consumption expenditures and general government consumption expenditures increased by 1.8 percent.

Market production of goods and services increased 0.4 percent, production of goods dropped by 1.9 percent and service-producing industries grew by 1.7 percent. Total employment measured as the number of hours worked increased by 0.5 percent and the number of persons employed increased 0.8 percent. 

Swedish GDP Falls 0.1% QoQ in Q2


Statistics Sweden | Nuno Fontes | nuno@tradingeconomics.com
7/30/2013 10:59:21 AM