Swedish Economy Returns to Growth in Q2


Sweden’s GDP advanced a seasonally adjusted 0.2 percent on quarter in the April to June period, recovering from a 0.1 percent contraction in the first quarter. The figure came below market expectations, as household consumption was not enough to offset a drop in exports.

Flash estimates showed exports of goods fell 0.9 percent and gross fixed capital formation shrank 0.8 percent quarter-on-quarter in the three months to June. Meanwhile, household consumption rose 1 percent. 

Year-on-year, the economy expanded 1.9 percent, the same rate recorded in the previous period.  Household consumption expenditure increased by 2.9 percent non-adjusted and general government expenditure increased by 0.7 percent non-adjusted. Changes in inventories contributed 0.1 percentage points to GDP growth. Gross fixed capital formation increased by 2.1 percent. Exports grew by 1.7 percent and imports increased by 3.6 percent. 

Swedish Economy Returns to Growth in Q2


SCB | Joana Taborda | joana.taborda@tradingeconomics.com
7/30/2014 9:30:00 AM