Swedish GDP Growth Revised Up in Q2


The Swedish economy expanded a seasonally adjusted 0.7 percent on quarter in the three months to June, up from a preliminary estimate of a 0.2 percent expansion.

Figures for the first quarter of 2014 were revised upwards to show the economy advanced a seasonally adjusted 0.1 percent instead of a 0.1 percent contraction.

Year-on-year, the GDP grew 2.6 percent in the second quarter of 2014, up from a preliminary estimate of a 1.9 percent increase. Household consumption expenditures rose 3.2 percent non-adjusted, and general government consumption expenditures increased by 0.8 percent non-adjusted. Changes in inventories contributed 0.3 percentage points to GDP growth. Gross fixed capital formation increased by 3.7 percent. Exports grew by 1.5 percent and imports increased by 3.7 percent. 

Market production of goods and services increased by 3.1 percent, working-day adjusted. Production of goods rose by 3.3 percent and service-producing industries grew by 3.1 percent. Employment measured as the total number of hours worked grew by 0.8 percent, and the number of persons employed increased by 1.3 percent.

GDP annual growth rate for the first quarter of 2014 was revised downwards to 1.7 percent (from 1.9 percent). 

Swedish GDP Growth Revised Up in Q2


SCB | Joana Taborda | joana.taborda@tradingeconomics.com
9/18/2014 9:00:27 AM